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Inheritance
66Mustang
Community member Posts: 13,368 Disability Gamechanger
Hypothetical question:
I do not own any property, and I am in receipt of means tested benefits (ESA).
I inherit a sum of money - enough to buy a property outright. Over £16,000 in any case. I assume my means tested benefits will stop.
I use the vast majority of my money to buy a single property to move in to. My savings are now back under £16,000.
Can I claim for means tested benefits again? Or, would buying the property be classed as deprivation of capital?
I believe I read that you can buy one property to live in if it will be your only property, or something, but I want to be sure.
Many thanks in advance.
Comments
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HI,If all of your ESA is Income Related then savings/capitol of more than £16,000 will end your entitlement and your claim would end. Buying a house will not be classed as deprivation of capital but you won't be able to reclaim ESA and it would need to be UC that you claim.I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.If i see a question that i know the answer to i will try my best to help.
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Thanks @poppy123456, I appreciate the help.
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You're welcome
I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.If i see a question that i know the answer to i will try my best to help.
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