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Thread: £5,500 or £6,000?

  1. #1
    New Member
    Join Date
    Apr 2013
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    5

    £5,500 or £6,000?

    Hi everyone,
    As usual, I'm confused by benefits rules.

    On ESA (income related), do I notify them when I reach £5,500 or £6,000, please? I've read different things when googling it.

    Thank-you

  2. #2
    vikstar
    Guest
    Quote Originally Posted by Libbylou View Post
    Hi everyone,
    As usual, I'm confused by benefits rules.

    On ESA (income related), do I notify them when I reach £5,500 or £6,000, please? I've read different things when googling it.

    Thank-you
    The actual limit is £6,000, the £5,500 is a guideline as to when you should consider informing the DWP. This is because if you have the £5,500, every day monies going into your bank account, or money you may have at home, premium bonds, shares, etc, etc, could put you over the £6,000.

    Personal jewelry and personal possessions, such as a car are not classed as capital or assets.

    If you don't ever go over that £6,000 there is no need to worry. If you do, you would have a £1/week deducted from your weekly IR ESA for every £250 in excess of the £6,000. This is applicable up to the maximum allowed of £16,000, if you exceed that you won't receive any IR ESA.

    If you are in receipt of HB, you should also check the capital, assets and savings rules for that.

  3. #3
    New Member
    Join Date
    Apr 2013
    Posts
    5
    Thanks for helping

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