Hi, advice appreciated regarding borrowing from family while on ESA — Scope | Disability forum
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Hi, advice appreciated regarding borrowing from family while on ESA

dedee85
dedee85 Member Posts: 2 Listener
Hi helpful people. Thank you for your time and all the help and advice you've given people over the years.

I've just started permitted work as a self employed trader but my funds are very low. Would a family member loaning me money to help get started be permitted while receiving Income Based ESA? The sum will possibly be £2000. Would this be seen as income and cause a breach of the weekly earning limit?

Thank you in advance

Comments

  • poppy123456
    poppy123456 Member Posts: 25,781 Disability Gamechanger
    It will not be classed as income. It will be classed as capital and if it increases your total savings to more than £6,000 then your means tested benefits will reduce by £1 for every £250 over that amount. Anything over £16,000 and entitlement to means tested benefits end.
  • dedee85
    dedee85 Member Posts: 2 Listener
    Thank you Poppy

    Should I contact the Job Centre and explain why a large sum has entered my account?
  • poppy123456
    poppy123456 Member Posts: 25,781 Disability Gamechanger
    No, there’s no need to do this if it doesn’t take your total savings over the allowed amount, as advised.

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