Trust fund - how is capital/asset caculated if you are on Means Tested Benefits

theawat
theawat Community member Posts: 1 Listener
in Benefits and income
Hi, How is capital/asset caculated if you are on Means Tested Benefits? eg. if someone sets up a trust for you can you get money from that for urgent needs (not living expenses) without it being calcuated as an asset or capital? Thanks

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  • BenefitsTrainingCo
    BenefitsTrainingCo Community member Posts: 2,621 Trailblazing
    Hello theawat

    In short there is no quick and easy answer to your question as the rules in regard to trust funds are extremely complicated.  It will depend for example on what type of trust fund it is, and why it has been set up e.g. a trust set up following a personal injury payment.

    the DWP will not only consider if the trust itself has a capital value that effects benefit entitlement but also how money from the trust find should be treated.

    Regards

    Maria


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