Hi, I'm carolynmwoods! How much can i have in savings and still be able to claim benefits later?

carolynmwoods
carolynmwoods Online Community Member Posts: 1 Listener
edited November 2022 in Benefits and income
I am about to come into some inheritance, we both get esa and pip we both have small pensions , i am buying a campervan for uk holidays but want to keep some aside for being able to go out for a meal / holidays/ treats when im on old age pension , i am currently age 62 yrs and get pension age 67 i think. How much can i have in savings for these things and still be able to claim eg housing benefit later ?? Ive got nhs pension gives me £280 pm, my husband. Army pension which if he dies i get half he was in for less than full claim  . Worried about being left alone and not being able to have holidays or treats to make life worth living. Would welcome advice, thank you.

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  • poppy123456
    poppy123456 Online Community Member Posts: 64,456 Championing
    What is your ESA is it contributions based/New style or Income related? If you’re not sure you will need to contact ESA to ask.
    If the inheritance is more than £16,000 then entitlement to all means tested benefits ends, this includes housing benefit. For saving of less then £16,000 every £250 or part there of over £6,000 there’s a £1 per week deduction.
    For council tax reduction some local authorities have a maximum savings limit of £6,000. 
    PIP is not affected.

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