PIP, DLA and AA
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PIP Savings

pauluspaulus Member Posts: 19 Listener
I am just curious...IF say i were to save my PIP money what happens when it say reach's the saving allowed thresh hold of £16,000 whilst i am on Income Support aswell?

Replies

  • poppy123456poppy123456 Member Posts: 22,218 Disability Gamechanger
    Savings don't affect PIP because it's not means tested.

    Your savings will affect your Income Support, housing benefit if you claim it and council tax reduction because they're means tested benefits. . Savings of £6,000 and over affect means tested benefits £1 for every £250 over that amount. £16,000 and over and all your means tested benefits will stop.
    Community champion and proud winner of the 2019 empowering others award. This award was given for supporting disabled people and their families for the benefit advice i have given to members here on the community.
  • pauluspaulus Member Posts: 19 Listener
    So Poppy, what you are saying is..No matter how much i save of my PIP allowance, were it to go over the £16000 then it wont affect my other benefits?...And saving ones PIP money is not in breach of anything?  am i correct?
  • poppy123456poppy123456 Member Posts: 22,218 Disability Gamechanger
    edited March 2019
    paulus said:
    So Poppy, what you are saying is..No matter how much i save of my PIP allowance, were it to go over the £16000 then it wont affect my other benefits?...And saving ones PIP money is not in breach of anything?  am i correct?
    No, that's not what i said. Your savings will affect your Income Support, housing benefit if you claim it and council tax reduction because they're means tested benefits. .

    Savings of £6,000 and over affect means tested benefits £1 for every £250 over that amount. £16,000 and over and all your means tested benefits will stop.

    Once your savings reach the lower amount of £6,000 then you need to ring DWP and your local council to report the changes and your benefits will be reduced accordingly.
    Community champion and proud winner of the 2019 empowering others award. This award was given for supporting disabled people and their families for the benefit advice i have given to members here on the community.
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