Inheritance. Will this effect any of my benefits? How much savings am I allowed?

jan26
jan26 Community member Posts: 3 Listener
edited July 2022 in Benefits and income
Hi I am disabled,  I have received an inheritance from my parents, I get housing benefit and I am on ESA support,  I also receive PIP and Industrial injuries payment. Will this effect any of my benefits and how much savings am I allowed before it affects my benefits.

Comments

  • calcotti
    calcotti Community member Posts: 10,005 Championing
    If you have more than £16,000 you are no longer eligible for income based ESA, HB or CTR. 

    If you have less than that the benefits can continue but any capital over £6,000 will reduce your entitlement.

    PIP and IIDP are not affected.

    If any of the ESA is contribution based that part  will continue.
  • jan26
    jan26 Community member Posts: 3 Listener
    Thank you.
  • Tori_Scope
    Tori_Scope Scope Posts: 12,447 Championing
    Welcome to the community @jan26 :) I can see that calcotti has answered your question about benefits. Has that cleared that all up for you? 

    I just wanted to let you know that we have a page on our website about inheritance, lump sums, and benefits, which you might want to read for reference. 

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