Been offered a significant settlement, but need to keep my capital below threshold. What can I do?

barmad75

Hi

I wonder if anybody has any experience of the frustrating predicament that I’m in, that they may be able to share?

As a result of a historic equal pay claim I’ve been offered a significant settlement of several thousand pounds. However since I receive Direct Payments from my Local Authority to pay for my social care, I need to keep my capital below the threshold…

I absolutely don’t want to lose funding for my care, but at the same time I don’t really want to refuse money that I should have rightfully earned over the las6t few years.

Aside from accepting the money and then spending it very quickly, does anyone have any ideas what I could do…?

poppy123456

You would need to report the money to your local Authority once you receive it.

L_Volunteer

Hello @barmad75. Welcome to Scope’s community. It is great to see you have joined us. How are you today? I hope you are well.

Thanks for reaching out to us. I always appreciate how much courage it must take to reach out, especially the first time.

I am sure a few of our community members will have been in similar situations to you and can share with you.

Unfortunately, I don’t have any personal experience I can share with you. This is also not an area of my professional expertise. This means I can only hope people with more knowledge in this area will be able to help you.

I can see @poppy123456 has responded to your question. Do you feel this response has answered your question? Please let us know if you would like further information or have any other questions.

In the meantime, I just wanted to respond to greet you and let you know we hear you and are here for you