deprivation of capital.
Posted , 6 users are following.
Hi
Reading material on here, what does deprivation of capital mean? I have a mortgage and I am on contributionary esa support group. Contributionary because I had ill health retirement after a spinal tumour and brain tumour affected my health,
0 likes, 7 replies
AlexandriaGizmo lisa24871
Posted
As far as I'm aware it means when you have say £16000 in the bank and you try to spend it on things not absolutely nescassarry, like buying your mum say a car when it's really for you and depriving yourself of savings. That's my take on it, others might be able to explain it better
Southernbelle lisa24871
Posted
But as I understand it, it is claiming you don’t have something so you don’t have to pay or get something - so it could be you are depriving yourself or saying you don’t have some capital so you can claim Benefit ?
Southernbelle
Posted
I found this on line -
Any spending done specifically to be able to claim benefits is likely to be classed as Deprivation of Capital. For example blowing a couple of grand on a fancy new TV.
AlexandriaGizmo Southernbelle
Posted
Southernbelle AlexandriaGizmo
Posted
Toss you for it ? 😀
AlexandriaGizmo Southernbelle
Posted
🤔🤔nope
denise15811 lisa24871
Posted
Hi Alexandria is correct with her advice. Although because you claim Contribution based benefits then savings/capital don't affect you. Unless you're claiming an Income related top up of your ESA and then it would affect this. The top up means than anything over £110ish per week would mean you're claim an Income related top up (premiums).