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Money This forum is for support with financial issues.

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Stuckinhell Offline
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Name: Sammy
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Money difficulties, benefits and such - December 14th 2012, 11:46 AM

I'm really struggling financially at the moment.
I've recently recieved DLA- albeit the lowest amount currently, they want me to appeal but i'm too scared atm.

but with dla i'm aloud to apply for housing benefit even as a student.


However... i currently have 16000 savings. So my questions

1) Too recieve benefits you must have a maximum of 16000 savings. Other bit say you must have less that 16000 savings. So as i'm exactly on the line i'm confused.

2) I CAN NOT ACCESS this money. It's locked away in bond accounts for 6 years- was left to me by deceased. So how on earth does it effect the money i'm expected to live on day to day.

Help?


   
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Re: Money difficulties, benefits and such - December 14th 2012, 04:41 PM

I believe the rules about savings only apply to certain benefits such as Jobseeker's Allowance (which is means-tested) and not to all benefits. However, if this money is not available for you to use immediately you should report that you have zero savings, as the purpose of the test is determine whether you have other money available to live on, which you clearly don't if you don't have access to it. I would recommend seeking advice from an organisation that deals with money advice. The Citizens Advice Bureau have offices in most cities, however depending on where you live there may be more specialist organisations able to help you with exactly this kind issue.
   
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