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-8pm       Sat/Sun 2pm-8pm
Call for FREE expert advice & service info

can you use divorce settlement to set

  • kris1983
  • kris1983's Avatar Topic Author
  • Fresh Boarder
  • Fresh Boarder
More
2 years 7 months ago #499570 by kris1983
can you use divorce settlement to set was created by kris1983
Dear All,

Can I use my divorce settlement cash to set up a business ? say 300k Will this be taken into account for housing benefit and tax credits .
I have a disabled child and had to give up work .Hoping I can use the divorce settlement to set up a property company and buy and renovate one or two flats a year and pay my self a wage . Will the benefit agency take into account the divorce settlement as cash in account for housing and tax credit . This is the only way I can hope to work as I have to be on stand by due to child's disability during day time to look after him.

Please Log in or Create an account to join the conversation.

  • Under60
  • Under60's Avatar
  • Platinum Boarder
  • Platinum Boarder
More
2 years 7 months ago #499571 by Under60
Replied by Under60 on topic Re:can you use divorce settlement to set
Savings amount don't matter for tax credits, but they do matter for housing benefit.

Please Log in or Create an account to join the conversation.

  • kris1983
  • kris1983's Avatar Topic Author
  • Fresh Boarder
  • Fresh Boarder
More
2 years 7 months ago #499572 by kris1983
Replied by kris1983 on topic Re:can you use divorce settlement to set
Wont the settlement become my capital for the company I set up , I hope to get a business loan to as my capital wont be sufficient to purchase property in south London. Can anyone comment pls

Please Log in or Create an account to join the conversation.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11