Question re benefits post divorce

[Johnogroats]

If as a result of a settlement, ex wife gets c£300k and has ability to raise a small mortgage to buy house of say £400k, would that person be entitled to benefits? Say she has part time job earning £15k....I have heard she is entitled to benefits of c£1k a month. Is this correct?

Thanks in advance.

[Babiecakes91]

You can't get any benefits if you have savings of over 16000.
I hope this helps but she could claim child maintenance off of you x

[Babiecakes91]

Sorry just reread and you stated she used the settlement money to buy a house, if she no longer has savings and works over 16 hours a week she could claim working tax credits and the amount vary's from case to case. She can also get child benefit which is 20 per week for 1 child and 13 for each other child. She may also get child tax credit as she is just under the limit but this all depends on her savings x

[coalscuttle]

If she got £300k in cash and raised a mortgage to buy a £400k house, I'd be interested to know how she managed a mortgage of £100k on a salary of £15k a year...

[Johnogroats]

Thanks all! I am not the H, but a close family friend of his. The mediator has said that she is entitled to the benefits although I found that hard to believe. As to how she will raise a mortgage of that amount, I have no idea. Finance was never her strong point and there are no savings.

[Cabrinha]

Since when was £100K a small mortgage?! That's still about £500 a month!

[milkysmum]

Yes I was wondering how 100k was considered a small mortgage! How much tax credits she may get will have many variables- age of dc (s), cost of any childcare etc...