compensation v benifits help please

Discussion in 'benefits and housing' started by andrew rowlands, Sep 16, 2018.

  1. andrew rowlands

    andrew rowlands New Member

    hi all
    Im currently in reciepts of universal credit and housing payments.I have an injury compensation claim and close to settling.I have many questions which i cant find answers to.My claim settlement will probably give me 8000 pound.Im told if you have saving of only 6000 pound it doesnt effect universal credit or housing.And i shall be 2000 pound over that threshold so im told each month for every 250 pound your over that 6000 they take 1 pound each week.So 2000 over is 8 pound per week so each assesment moth it would be roughly 32 pound a week deducted am i right in saying that?
    So my questions to you guys is so if i only had 6000 it doesnt effect my benifits does that mean you are entitled to spend that 6000 as you wish? and if i recieve 8000 pound ill be deducted that amount above each month.But if i want to treat myself to a new tv and pay my mother back money i owe her 600 or buy a new couch will they regard that as depriving your savings so your under the threshold and for the sake of 8000 im not wanting to put in trust funds.
    So basically can i keep this money and obviously they will deduct what needs to be from my benefit and what happens if it get to the 6000 mark.and can i spend on myself some things i need and enjoy myself on some of this money without them wanting to know how and what i spend it on and an example of only having 6000 which doesnt effect benifits are those people aloud to squander there 6000. im told maybe if i get 8000 put 2000 in a trust and keep 6000 but i cant be bothered any solutions for me please? complicated i know hope you get my drift as what im getting at.Yes of course u cant have loads of money in ur bank and live the high life whilst claiming benifits i understand that.but the amount i recieve and when i pay people i owe will soon dwindle and on another note i have some advance loans on my universal credit? would that be acceptable and a good idea and way of bringing it down by paying them loans off would that been seen as a acceptable way of spending money?
    any ideas please and thnak you
  2. crossthebreeze

    crossthebreeze Well-Known Member

    I don't really know the answers to your questions, but there is a bit of information here. If you spend the savings, you'll need to keep receipts (for big items and loan payments), bank statements, the agreements for any loans you pay back, so if the DWP decide to investigate you can show where the money went. I have no idea what the DWP would see as acceptable spending and what they would see as deprivation of savings.
  3. AnnO'Neemus

    AnnO'Neemus Is so vanilla

    I reckon you should repay the UC advance (but keep records, DWP are notorious for not keeping track), because that will reduce the amount you have left over £6,000. That's a no brainer, I think, to pay off that advance, which is effectively a loan/debt.

    Other than that, I'd say check with CAB or law centre or other welfare rights specialists.
    crossthebreeze likes this.
  4. geminisnake

    geminisnake a complex mass of conflicting ideas

    Definetly pay off the UC loan and see where that leaves you, also get written confirmation of any loan repayments even if they are family members. You will need them. You are allowed reasonable spending so if you need to renew any white goods(washing machine etc) do so, I think a tv is acceptable as long as you don't go overboard.

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