I am worried about a debt to the DWP for income support it has decreased from £21300 to £15600, but I have received a lump sum from a discretionary trust of £11000 which counts as income so I will loose Working Tax Credits anyway, and I am single mum of 52 my daughter is 15. Either I pay off a large part of the debt, or I keep the funds, and stop receiving working tax credit. I think it is time for bed, however I am very unhappy about this problem it will take a long time to sort out, I will just have to be patient, I think I have not
fully authorised you to reply to this, probably because there is a simple solution somewhere....
I am aware that the DWP will be administering Universal Credit in future months/years, however, currently I receive Working Tax Credits, and Child Tax credit. My problem is that I have received £11000 and will have to report it to HMRC and then will loose around £75 a week(that is an estimate) but if I were to pay off a large portion of the DWP debt, I know that Tax credits are means tested so I am wondering if they would take the debt repayment into account so that I do not loose entitlement to
full Tax Credits.
Yes. I am also thinking of depositing some or all the money in my daughters account, would that be a way to avoid paying ? I accept my responsibility to refund as much and as soon as possible, however, my home is in a mess, and my daughter has no other means of support,
I could leave the debt as it is, repaying what is possible each month, currently £50. or repay a large amount say £7500-£10000. if not, stop the Tax Credits, and spend the money on
home improvements etc. Next April my claim will be re assessed and then there will be the opportunity to re-organise our income/spending.
The solutions are beginning to come clear, Thank you.
I do not receive any disability benefits, but could perhaps apply.
If I agree to sign up for more Just Answers, perhaps you could help further, the main thing is to be honest when talking to the relevant
department, and try to reach an agreeable plan, Thank you .
ok, will do, Thank you,