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

Benefits in settlement

Start
Prev
1
Next
End

Audrey_1970
Posted by
Junior Member

28 Jan 13 #376695 by Audrey_1970

Topic started by Audrey_1970

Hi,

I hope someone can help me. We are close to agreeing a lump sum payout with me getting £160,000 it may just be able to rehouse me and the children however I have not found anything else to buy so may need to rent.

I am currently receiving child tax credits, disability allowance, unemployment benefits - will I loose these if I have a lump sum payment, although I will need this to purchase another house?

positive99
Elite Member

28 Jan 13 #376696 by positive99

Reply from positive99

Hi
Yes you will lose your benefits. I think any savings over £16,000 affect your entitlements. However if you can prove you are going to purchase a house you may be given a period of time to still claim benefits and have the money in the bank whilst you are purchasing a house. When I looked into this I was told I could get 6 months grace or possibly 12 at a push. I spoke to my local council who had all the legislation regarding this scenario.

Hope this helps

Start
Prev
1
Next
End

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.