How long after I get an inheritance til I can get benefits again?

[Hello17378]

I got some inheritance few months ago but got scammed and was wondering when I’ll be able to get benefits again

How is it the bank's fault?

If you have invested in crypto then you still have that investment right or have they completely stolen it?

i have a disability/mental condition

They are not guiding only people with ME.
ME was the reason why they started the group, hence the name.

Still the best place to find information on benefits that I have found.

Then please contact that group on FB. They will guide you around that issue.

Thank you, 16,000. If OP is deemed to have spent the money too quickly, they may still be treated as having it yes.

What is your complaint? Are you registered as a vulnerable customer? Usually transfers to new payees and larger amounts are flagged and you have to override the alert. If that occurred then you may not succeed even with the FO. Did you notify Action Fraud? While that case is pending and you may yet recover savings it seems unlikely DWP will accept your claim for means tested benefits. However PIP is not means tested, for example.

Actually it isn’t.

It’s £16k fur a couple. But only £6k if you are single.

@Hello17378 please don’t rely on MN for information around benefits.
You need reliable advice and that’s not it.

you’ll still be receiving pip then

do you have learning needs Op?

Have you been assessed as having capacity to manage your finances?

Gosh some people just crash from one crisis to another don't they? Usually looking to blame others or rely on others to fix their mess.

Why didn't you use the money to give yourself a stable and positive future?

wrong

£16k savings for an individual means no benefits at all

£6k-£16k savings - your benefit are reduced according to the amount saved

Actually no. It's £6k when they're reduced for every £250 or part of, £1 a week is deducted and you get nothing after £16k.

@TheGhostOfTheOpera you have just indignantly posted shite information

Don't rely on MN says the person giving out the wrong advice.

You're wrong. When you have between £6000 and 16,000 your benefits are reduced on a sliding scale, if your savings are above 16,000 where they are reduced to nil.

unbelievable isn’t it? I wonder whether @TheGhostOfTheOpera will be back

I haven’t applied for pip yet so I’m not getting it at the moment. Would I be able to get universal credit or would it just be pip

OP you need support. I am not being cruel.

Please please go to citizens advice. Take whatever relevant papers you have. and be honest and tell them everything

do you have children?

You're the guy who transferred his money to revolut then sent it to crypto scammers aren't you?

You should go to the cab for advice. You need proper advice and help.
Maybe if you report to the police etc and the DWP believe you are a victim they will accept your benefit claim. You won't know till you try.

You are not giving people any information so they can't help.

For instance:

1. How much did you inherit?
2. Who scammed you?
3. How much did they scam you for?
4. Are you currently working?

If you don't want to answer those questions here, Citizens Advice as others have suggested seems like a good shout.

It wasn’t real crypto.

Just read your other thread. Did you take any of that advice?

Regarding your disability/mental health- do you have a case worker or social worker involved?

In theory, what matters is whether or not your goal of spending the money was to become eligible for benefits again.

In practice that's hard to judge and you will quite possibly end up having to take it to tribunal. When a benefit claimant comes into money, the DWP doesn't expect you to continue living like a pauper, but they take a dim view if you are a total spendthrift. If you have good evidence that you were attempting to invest the money but were the victim of fraud that helps your case a lot.

Yes. Hence the term crypto scammers.