2021-03-24

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Back when it was the Education IRA, not too much (despite the lure of tax-free income). In 2002, however, the re-named Coverdell education savings account became a very attractive college savings vehicle for many people, including families that wish to save for elementary and secondary school expenses. In fact, even if you like the 529 plan you may still decide to contribute the first $2,000

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If you are getting the income based variety, then the maximum capital (savings) you can have and qualify is £16,000. Although if you have less than this, part of your savings can be converted to assumed income, so can affect the amount of ESA you get. If you (and your partner) have total savings over £6,000 you should enter the total amount of savings you and your partner have on the savings page without taking off the £6,000 ignored by the government.
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Contributory/New Style Employment and Support Allowance. You can get contributory ESA if you: Hi there RSISolutions - just to add to the above: The capital limit for income related ESA is £16,000, and for every £250 you have above £6000, you will be treated as having £1 of income, which will be deducted from your ESA accordingly. - ESA(IR) only then your payments will cease if you exceed £16,000, your claim will remain active and you will continue to receive NI Credits which count towards a full State Pension, if your savings reduce so that they are under the limit again, then you should notify the DWP and your ESA(IR) will go back into payment, although the figure may Don't know about ESA but if you were depriving yourself of capital and claiming housing benefit they can and often do count it as though you still have the money.

Contributory/New Style Employment and Support Allowance.
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Hello,As we all know the ESA saving limit is £16000.My question is this. What amount of savings are you allowed before it affects your ESA benefit?I have been told that you can have saving upto £6000 before you have to tell the DWP.I am i correct?Any help would be appreciated.Thank you XXX

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