I'm a lone parent of infant schoolers. I'm currently claiming all benefits Income Supoort, Council Tax, Dhild Tax Credit,Housing Benefit.
Once I declare this inheritance, I know I will lose bemefits. But which ones? As there is a Savings Threshold. I just need someone to tell me which bemefits I will still receive and which will be stopped altogether, dependant on those inheritance savings.
As I'm currently jobhunting, I'm particularly confused by Working Tax Credit and whether that's affected by savings, and if I will be eligible for the government childcare voucher scheme or not with those savings.
I've been on all the government websites - all of them - rang the benefits agencies, asked my lone paremt advisor, but there's no consistency with advice. I can't seem to get through to welfare rights advisers in my area, although I'll ring every day.
The inheritance is a great cushion for my transition from lone paremt on benefits to going back to work, I know, but having lived the last 6.5 years in financial debt, eviction, and worse, suddenyl inheriting this money hasn't been like winning the lottery, it's causing me stress and confusion. I haven't even smiled about it yet.
Is there anyone who knows about the savings threshold for benefits claimants and can advise me on how is affects benefits, particularly childcare vouchers and working tax credit? I'm assuming I'll lose all housing benefit and income support and council tax benefit. I'm probably going to be working part time to fit around school hours initially.
Thankyou
Please or to access all these features
Please
or
to access all these features
Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.
Legal matters
Benefits Savings Threshold, inheriting money, .. Anyone have any knowledge?
4 replies
LeadingToGadeBank · 03/03/2014 16:49
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.