on income support but son wonts to put money into my bank

jjdd70
jjdd70 Community Member Posts: 80 Contributor
in Benefits and income
hi sorry if its in wrong place im on income support but my son wonts to put money into my bank so i can pay a finance company off but it will be in mybank for lesss than 24 hours and bank transferred to the finance company will that effect my benefits becuase i dont have savings but will that cash amount he puts in be classed has savings even though it goes out same day

Comments

  • janer1967
    janer1967 Community Member Posts: 21,922 Championing
    Hi there 

    It all depends how much it is and if it takes you over the threshold 

    Could your son not pay the debt direct to company to save it going into your account ? 
  • jjdd70
    jjdd70 Community Member Posts: 80 Contributor
    hes borrowing me the money to pay my car finace

  • janer1967
    janer1967 Community Member Posts: 21,922 Championing
    Could he not just pay them direct 
  • calcotti
    calcotti Community Member Posts: 10,000 Championing
    edited February 2021
    As janer suggests, it it will take your capital over £6000 it will avoid any confusion if your son can pay the company concerned directly withoutthe money passing through your account.

    If you will never have more than £6000 in the bank then it doesn’t affect your IS anyway.


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