A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Mon/Fri 9am-6pm       Sat/Sun 2pm-6pm
Call for FREE expert advice & service info


What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


how does settlement affect benefits

  • escaped
  • escaped's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
29 Jan 12 #309205 by escaped
Topic started by escaped
Hi

I live with my partner who lost his job last july. I have a 6 year old child living with us. The marital home is sold - just waiting for the normal stuff to happen. I haven''t received an offer for settlement yet from stbx but there is supposedly an offer in the pipeline.

I work part time, partner got job seekers for 6 months, now he gets nothing. I get increased child tax credit (since job seekers ended), housing benefit, working tax credit and free prescriptions/dentist costs.

My question is, once settlement is agreed and I get my share, do we then have to live off the settlement and all benefits will stop?

thanks for any help
escaped

  • LittleMrMike
  • LittleMrMike's Avatar
  • Platinum Member
  • Platinum Member
More
30 Jan 12 #309226 by LittleMrMike
Reply from LittleMrMike
It all depends, I''m afraid. My understanding is that any capital in excess of £16,000 will disqualify you from all means tested benefits, like income support or housing/council tax benefit. Capital between £6000- £16000 will reduce your benefit but not disqualify you altogether.

There are other benefits that are not affected by capital, for example disability living allowance.

But that does not mean you are disqualified for ever. It is quite legitimate for you to spend your capital in a reasonable manner. If you need a new cooker, for example, it''s quite OK to buy one. What you are not allowed to do is spend recklessly to bring yourself within the scope of means tested benefits.

The rules do change and a visit to the CAB to confirm this advice is recommended. I haven''t done this for some time.

LMM

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11