Payment

Siaman63

Hi do I have to declare a payment, my company have finally agreed to finish me on health grounds when I receive payment do I have to declare

poppy123456

It depends what payment you're talking about. It is a lump sum payment or an ill health pension?

Siaman63

Hi it is a lump sum to end my contract on grounds of ill health
Siaman63

poppy123456

Contributions based ESA is not affected by savings/capital. Some ESA claims have an income related top up, if yours does then savings/capital over £6,000 will affect the Income related top up.

Savings/capital affect means tested benefits anything £6,000 and over affects them £1 for every £250 over that amount. £16,000 and over and all means tested benefits stop. If you claim housing benefit and council tax reduction then these are means tested benefits.

Siaman63

I understand that thanks all I need to know is will I have to declare it to the ESA I think it's going to be around £ 3.000

poppy123456

No, not if your ESA is all Contributions based.

Siaman63

Thanks for your input very helpful.
Regards