ChatterBank3 mins ago
Benefits query
2 Answers
A friend is in receipt of Invalidity Benefit, Unemployability Supplement and receives a pension, he has just inherited � 18,000 and would like to invest it. Does he have to inform anyone and will this affect his benefits?Thank you in advance for any help.
Answers
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I assume you mean Incapacity Benefit - this is not means teasted and will not be affected by savings and investments.
I don't quite understand how he gets Unemployability Benefit as this was abolished in the mid-80s and was usually payable for only two years maximum. However, this too is unaffected by capital and savings.
His private pension doesn't need to be informed either.
I am assuming your friend is in the UK.
I don't quite understand how he gets Unemployability Benefit as this was abolished in the mid-80s and was usually payable for only two years maximum. However, this too is unaffected by capital and savings.
His private pension doesn't need to be informed either.
I am assuming your friend is in the UK.
Thank you for your reply Ethel. My friend does live in this country, he was injured in Ireland whilst serving with the army and was discharged with a war pension.I rang him up to check the details after you replied and it is called Invalidity Allowance and he does get Unemployability Supplement as well as the war pension. What I should have stated was the Invalidity part was an allowance and not a benefit, it's all very confusing with these different names. I hope you are keeping well and your test results came back OK
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