Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Personal Finance
Finance Discussion Forum

 If a bank transfer is made with in the same bank will it go into account that same day.?
...


 Is it really possible for anyone no matter their credit rating, can get a mortgage?
...


 Where can I get a loan with bad credit?
...


 Pay off loan or save?
I have a personal loan that I owe around $8000 at 5.9% I have no ther debt whatsoever. I have no savings. Should I pay off the loan or start savings? a little of both? if so how much should i save ...


 I want to invest 25-50 K?
These funds may or may not be for long term, so I do not want to tie them up. But I do want a better return than a savings ...


 Mastercard Suggests there are some things MONEY can't buy. WHAT are those THINGS???
...


 I've just had some cash put into my account, how long until I can withdraw it from the cash machine?
It isn't showing up on the cash point yet
Additional Details
A cash machine is a cash machine....


 Does anyone know any good work from homes?
I have a one year old son and cant go to work but really need to earn some extra cash....


 How can I get $2000 in the next week or so without working?

Additional Details
I am short $2000 from my savings. I could borrow from a family member but I think they are all apprehensive about what I am spending it on (land) and I don't ...


 I need to know about cheques?
how long b4 a cheque clears in a nationwide account?...


 Making money online from home?
before you paste a click and get a penny or writing blog jobs please listen.I have tried all this.One plave for blogs wanted my writings to see if I was eligable..No response unless it takes a while.P...


 How do I repair my poor credit rating?
...


 Is 21 too young to invest in the stock market?
I am thinking about it, but Im aware theres many risks involved.

Should I wait a bit longer until I have more income or just try something out now to get an understanding of how it works?...


 What arre good ways for a 15 year old to make money without getting a real job that requires him to be older?
i am 15 and i have alot of things to pay off i owe like $300 for a band fee and another $300 for next year. then i need money to save for a car and a big garden project that'll cost around $500 ...


 Can I add money to a debit card through an atm?
I just got a debit card which also functions as an atm card. Do I have to go to my bank and add funds to my checking account or can I add money to my checking account through the atm?...


 Can I avoid repossession of my vehicle?
My finance company has let me know that since I'm late on two payments they would send for the vehicle to be repossessed. (I had money stolen out of my account, which has caused some hardships ...


 Do I really owe this debt collection company money?
About 8 years ago, I took out a £1000 loan, along with the incredibally expensive insurance against job loss and sickness etc. Around a year later, I added an additional £1000 to that loan.
<...


 What can i do to make an income
im 25 yrs old and i have 3 kids and i am wondering what things can i do to make an income just to add to our daily needs..?dsperate .......


 Is it worth it to be a member of Sam's or Costco?
Is it worth it to be a member of one of these stores is you are single and buying groceries for just one person...I see a big discount for in the photo department, but I'm wondering if I am ...


 If a realative dies with debts?
if a realative dies with debts ona visa card and has next no assets ie just a council house not owned and a car no money in the bank does the visa outsatnding debt get written off with his death or ...



adamadamum
On income support & DLA, have disabled child, offered one-off payment by magazine?
A magazine wants to do an article on my child, for which we would be paid. I want to do it properly and declare it all, but what might happen to our benefits? As I want to donate some to a charity, should I insist they make out a seperate cheque to them, or will it still be classed as my income whatever?

Please, serious non judgemental answers only. Thanks.
                     
 




Jules
It's easier if I split the two different aspects of your benefits....

DLA is not means tested, so your payment will not have any effect on the payment you receive. As long as you or your child still fits all the criteria for DLA then you will be fine.

Income Support is means tested. So any amount of money or an increase in savings could effect your payment. Savings are allowed of £3000.00. Before doing anything it would be a good idea to check out how the payment from the magazine would alter any benefit entitlement.

I would suggest that you contact your local Citizens Advice Bureau who will be able to advise you.

http://www.citizensadvice.org.uk/index/getadvice.htm

Or contact your local jobcentre plus, or social security office. Explain that you have been offered a one off payment and ask how it will effect you.

http://www.jobcentreplus.gov.uk/JCP/Aboutus/Ouroffices/Search/LocalOfficeSearch.aspx?type=2&name=Benefit%20Delivery%20Centre

http://www.jobcentreplus.gov.uk/jcp/Partners/Allowancesandbenefits/Dev_009940.xml.html

I wouldn't see a problem with the magazine making a donation directly to your chosen charity, so check that out with them.

Good luck, but please make sure you find out exactly what the payment will mean for you before you decide to do anything.

Also, it might be a good idea to ask if you will be able to read the article before it is published, and that you can ask for anything to be changed if you are unhappy with it.

Hope this helps.


Ian UK
I can see why you would want to take the payment but I would imagine it would be seen as an income.

I would seek legal advice from a solicitor. The benefits system is abused by many people who make it difficult for those who are genuine such as yourself so they will probably stop your benefits at the drop of a hat. Is the one off payment as good as the continuing DLA payments? Probably not.


goingmad
sorry love but yes the so and sos would, also do you know that if you miss two reviewas under the auspices of the dhss single parents employment rules you will have 20per cent of your money stopped until a tribunal decides wether you had a good reason for not going? Horrid isn't it? I went through similar nasty experiences aroound 30 years ago and it breaks my heart to see it still happening. The 20 per cent rule even applies to carers like my daughter who has two young kids and has to care for me 35 hours a week to qualify (and pays tax on it!)


Miss Moneypenny
Rating
If the magazane are willing to reduce the fee offered and pay the differrence between that and the original fee offered to the charity, then I don't see a problem.

However, If your fee is stated as the original amount and then you give some to charity, it will unfortunately, be deducted from your benefits. The state takes the stance that this money is your disposable income to do with as you choose, therefore any donation made to charity is from you directly, not from the state purse. As benefits are considered to be taxpayers money there are stringent levels of accountability involved.

Its a lovely thought and gesture however, and I hope you are in a position to make that donation. Best of luck with your story!


Ah!
Rating
Hi,
As others have suggested the CAB will be able to advise you on the disregards that your benefits have.
The question is really 'would it be seen as an income or a saving?'
I'm pretty sure that it would be seen as income not capital (saving). There are rules as to what is classed as income and one off payments of money come into this catergory.

DLA doesnt have any disregards so wont be affected, but income support does. Without knowing the details on your circumstances, I would have to guess that it would be a disregard of £20. (On income support with dependant child)
So you would be allowed to keep anything under £20.
If it is seen as Capital then on IS you can have upto £6,000 before it is seen as income and a maximum of £16,000.

But CAB would be able to check it all out on your behalf.


hotguy18
It depends what you want to use the funds for? Save them in an account held in trust for your child? Is your child young enough to have a Child Trust Fund account? And then you wouldn't have to declare......
If you receive the funds, your DLA will be unaffected however you will have to contact Income Support as it is means tested. I hope this helps.


Sue
Rating
If the newspaper article is about your child, he/she should be the beneficiary of the cash. If the child is under 18, and the amount is less than £3000, it can be paid into a savings account (isa or similar) in their name. If you wish to donate to a charity anyway, have the cheque made out to that particular charity, but ask if it is possible to pass it over to them yourself.


Louise
Rating
I'm guessing it's not a huge amount. Don't think it would affect your benefits unless it's in the thousands. Wouldn't hurt to ask them to make a separate cheque to the charity you choose. Would be easy enough for them to do.


NIGEL R
have it put in a trust fund .


brian t
If it is one of these newer magazines that have stories like "my dog is psychic" and " my mum ran off with my husband" I strongly suggest that you insist on reading the article before it is printed in case you are misrepresented.


Jewel
Rating
To be honest think the best thing to do would be to phone the BA office and tell them what you have just said here, mention that you have not yet decided to take the magazine up on their offer, as you wanted to first make sure your daughter would not be disadvantaged in receiving financial assistance for her care re yours and her benefits.


Ambivalent Bittern PJA
Rating
I can't give you a definitive answer, but I am reasonably sure that a one-off payment will not stop your benefits. Check with CAB (Citizens Advice Bureau) who should have all this at their finger-tips. I also wondered whether the payment could be made to your child, which might make a difference to the benefits people. Good luck - hope it all works out OK.


curious74432
Rating
I do not know what type of benefits you are receiving but if you do not declare the amount and the agency finds out about it they can possibly prosecute you for fraud; reduce your monthly benefits; or terminate them. To be sure, you should call the agency in question.


GEOFF D
It would not affect DLA, as you are still entitled to that even if you are working, it is a totally seperate benefit from the norm.
There is a monetary cap however as to how much you are allowed in savings to still be entitled to claim income support.

Check with the Benefits Agency on the limits before you make any decisions.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.024
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy