I would like to give my 2 children a monetary gift each. How would the people at housing benefits view this please ? This would obviously mean I have less savings and on the face of it be entitled to more benefit.
2007-03-26 04:07:54 · 8 answers · asked by pogue 1 in Politics & Government ➔ Other - Politics & Government
We do pay most of the rent, we have only a small subsidy. We are not loaded and have declared everyting to the housing authourity.
We would like to give our children approx. £500 each. Last year our eldest son was killed in an R.T C. and we want our remaining children to have the benefit of this money while we are alive. We not not trying to pull a fast one by any means. But giving our children this money would deplete our savings.
2007-03-26 05:27:50 · update #1
You might well be accused of 'deprivation of capital' . This means you knowingly spent your savings in order to retain/get more benefit. This once happened to me when I paid off a credit card debt. In that case I appealed and won. But giving away money is probably different.
2007-03-26 05:05:14 · answer #1 · answered by I'm Sparticus 4 · 0⤊ 0⤋
Less savings to be entitled to more benefit? Must have a lot then - probably enough to pay the rent in full yourself. My advice? Keep the money and declare it - - do the morally right thing.
2007-03-26 11:18:39 · answer #2 · answered by bluebadger 3 · 0⤊ 1⤋
Hi
I wont go into the morals of that as I don't know your situation or the amount of this monetary gift.
However the benefits office will want to see all your accounts and will ask how and why you gave £x to your children when you should be spending it on your rent.
2007-03-26 11:13:26 · answer #3 · answered by DemonicaB 3 · 0⤊ 0⤋
Its your money so you are free to do what you like with it, whether you would be entitled to an increase in benefit is debatable , however, you can only try and why not ? seems quite a reasonable request.
2007-03-26 11:14:14 · answer #4 · answered by katrinasfather 3 · 0⤊ 0⤋
Erm No!! Your benefit will not be affected by this!! Everyone is given a set amount based on their circumstances. What you then decide to with the money is your choice - but they will not give you more!!
2007-03-26 11:11:06 · answer #5 · answered by Spence 3 · 0⤊ 0⤋
my grandad did this. he was told that if his savings went over 2000 pounds that it would affect his pension and other benefits that an o.a.p should expect. he gave all his grandchildren 200 pounds as a gift. it has nothing to do with the government how you choose to spend your money.
2007-03-26 11:16:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you have that much money perhaps you shouldn't be on benefit in the first place?
2007-03-26 11:14:07 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Your rent has to be paid regardless.
2007-03-26 11:17:17 · answer #8 · answered by vintagechic1 3 · 0⤊ 0⤋