The UK's largest and most visited divorce site.
Modern, convenient and affordable services.
We've helped over 1 million people since 2007.

Click this button for details of our

email, phone nbr and free consultations.

How To Contact Us

Read our latest Financial Settlements guide (2021)

What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

divorce settlement and Universal Credit

gal
Posted by
Junior Member

20 Sep 24 #524061 by gal

Topic started by gal

I am currently on Universal credit after separiting with husband had to rent the house for my and my 10 years old son.. Now I am expecting lump sum money after our house is selling ..
if anybody has an experience , what happens with my housing benefits ?as the part of universal credit ..,Reduced ? or completely vanished ?
any law helps me to understand how does it works?

beat regards

Galina

WYSPECIAL
Moderator

20 Sep 24 #524062 by WYSPECIAL

Reply from WYSPECIAL

UC will stop until your capital falls below the permitted level.

Depending on how long since you lived in house that you are selling you might get a 26 week period in which to buy another house with it.

EMC3419
Elite Member

21 Sep 24 #524072 by EMC3419

Reply from EMC3419

Another option if you cannot buy a house is to put it all in a pension fund. However, you won't have access to the money for many years without significant tax penalties.

WYSPECIAL
Moderator

21 Sep 24 #524075 by WYSPECIAL

Reply from WYSPECIAL

Maximum you will be able to pay into a pension, including tax relief, will be your earnings for the year up to a maximum of £60k or if no earnings £2880.

gal
Posted by
Junior Member

22 Sep 24 #524076 by gal

Reply from gal

I have different benefits such as child support and Single mother allowance as well as housing benefit. So what I would like to know is will I loose any or all of these benefits?
Thank you so much

gal
Posted by
Junior Member

22 Sep 24 #524077 by gal

Reply from gal

I have different benefits such as child support and Single mother allowance as well as housing benefit. So what I would like to know is will I loose any or all of these benefits?
Thank you so much

Breathagain
Junior Member

22 Sep 24 #524078 by Breathagain

Reply from Breathagain

If you have savings over a certain amount then yes I am sure they will reduce or stop

Moderators: wikivorce team, rubytuesday, dukey, hadenoughnow, Tets, Shezi, Linda Sheridan, Forseti, Mitchum, WhiteRose, Lostboy67, WYSPECIAL, Bubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.