Society & Culture2 mins ago
Loss of Benefits.
2 Answers
My brother -in-law aged 83, lives alone in a council flat. He has savings of �7,500 and would like to know how much he can have in the bank before his benefits are affected. Thank you.
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.There is not a straightforward answer - it depends on the type of benefits and pension credits he gets:
http://www.easthants.gov.uk/ehdc/benefitsweb.n sf/webpages/Savings+and+Capital
There is no doubt the government will find out about his savings as they are subject to income tax and the Inland Revenue will be aware.
http://www.easthants.gov.uk/ehdc/benefitsweb.n sf/webpages/Savings+and+Capital
There is no doubt the government will find out about his savings as they are subject to income tax and the Inland Revenue will be aware.