Money myths busted: home owners & working families
Monday 18 July 2016
Falling on difficult times can happen to any of us - and if it
does, it's often when we least expect it. Working out what help or
benefits are available can be tricky. Sometimes the things we think
we know aren't always correct.
These expert pointers from Riverside Home Ownership's very own
Money Advisor dispel some of the myths that clients often believe
1. There is no help available to
leaseholders to pay their service charge - False!
If you are a shared ownership leaseholders on a low income, you
may get help from Housing Benefits, and if you own or are buying
your property and still have a service charge, you may get extra
help to pay the charge in your DWP benefit.
2. You cannot get disability benefits if
you work - False!
Both Personal Independence Payments and the benefit it replaced
(Disability Living Allowance) are not 'means tested' benefits. Put
simply, this means that the rate you get is not affected by other
income or savings.
3. You cannot get benefits if you have
savings - False!
The upper limit for capital that you can have without it
affecting your benefits is usually £16,000 - with the exception of
Pension Credit Guarantee Credit, PIP and Attendance Allowance,
which do not take savings into account.
RHO's Money Advisor can give residents free and
someone sleeps at your property for three nights a week, then you
are classed as 'living together' for benefits purposes -
There is no set number of nights that means you are 'living
together' with someone. Instead, regard would be given to the
whole picture and a decision will be made as to whether you are a
couple or not.
5. You can work while you are on
Employment and Support Allowance - True!
Some people are allowed to work up to 16 hours per week and it
will not affect their ESA. This is called 'permitted work'.
In addition, if you do less than 16 hours work per week, you may be
entitled to a 'top up' from DWP benefits.
RHO residents can arrange a personal telephone
appointment with our Money Advisor. Call us on 0151 282 8544 or email firstname.lastname@example.org
The information here is for general guidance only. If in doubt,
please contact the Department for Work and Pensions for full