Borachio
Way past lunacy
- Joined
- Jan 31, 2012
- Messages
- 26,698
See this, an old lady on benefits who saved £22k from her benefits:
http://www.dailymail.co.uk/news/art...-58-saved-22k-nest-egg-benefits-pay-back.html
She had to pay most of it as a fine, and got 4 months in jail.
Yes. But you see it wasn't possessing the 22k that was illegal - that would be daft.
Continuing to claim benefits while possessing 22k was illegal.
I'm surprised the woman got a jail sentence for that amount though. And for merely not spending her benefits. Other cases I've heard of have been for much larger amounts and involved people who were actively making money on the side as well as claiming.
I'm really very surprised a mortgage provider would even consider giving you a mortgage if you're claiming benefit. Still, what do I know? I guess a lot of people getting tax credits can still get a mortgage, or even child allowance (so what's the difference?). Always assuming they can find a house in their price range, I suppose.I have declared my savings when asked though. I can save £500 a month currently, but then when I get a house I can spend all that on the mortgage. Plus I have an appointment with a disability employment advisor at the end of the month, and I'm allowed to earn another 5k a year.
The amount you can save doesn't affect your entitlement to benefits, rather just the amount you have saved.




