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Inheritance. Will this effect any of my benefits? How much savings am I allowed?
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jan26
Community member Posts: 3 Listener
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
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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.Information I post is for England unless otherwise stated. Rules may be different in other parts of UK. -
Thank you.
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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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