Beneficial ownership — Scope | Disability forum
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Beneficial ownership

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Peter99
Peter99 Community member Posts: 65 Connected
in Benefits and financial support
Is this person entitled to a means-tested benefit?  Under duress, he invested a significant amounts of money to pay back someone he owed and the investment account is in his name 
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  • poppy123456
    poppy123456 Community member Posts: 54,038 Disability Gamechanger
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    HI,

    Based on that extremely limited information it's impossible to answer your question and you'll need to give a lot more information. If you're asking on behalf of someone else then i'd advise them to get a full benefits check from an agency near them.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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  • newborn
    newborn Community member Posts: 832 Pioneering
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    In answer to a different  but similar question, experts replied that repaying debt is not acceptable unless ordered by court.  Depriving oneself of assets to claim benefits would possibly  be viewed as criminal. It wouldn't  make a difference, in that case, whose name it is in.  As your own heading suggests,  beneficial ownership would be assumed.  
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  • poppy123456
    poppy123456 Community member Posts: 54,038 Disability Gamechanger
    edited August 2020
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    newborn said:
    In answer to a different  but similar question, experts replied that repaying debt is not acceptable unless ordered by court.  Depriving oneself of assets to claim benefits would possibly  be viewed as criminal. It wouldn't  make a difference, in that case, whose name it is in.  As your own heading suggests,  beneficial ownership would be assumed.  
    Not for Universal Credit purposes it's not. For legacy benefits such as Income Related ESA/JSA etc it is deprivation of capital but most defitinitely not for UC. You can pay off debt and still claim UC, it will make no difference at all to the amount you're entitled to. This is one good thing about UC.

    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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  • Peter99
    Peter99 Community member Posts: 65 Connected
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    @newborn I think the key word here is the "duress"
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  • woodbine
    woodbine Community member Posts: 11,621 Disability Gamechanger
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    I think as poppy says we would need far more info to give any useful advice
    2024 The year of the general election...the time for change is coming 💡

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