Means Tested Benefits
Means tested benefits are not affected by National Insurance Contributions; they are affected by your capital and income.
List of Means Tested Benefits:
How some Means Tested Benefits are calculated generally:
Step1: Qualifying conditions
Each benefit has its own eligibility criteria; see www.direct.gov.uk for benefit entitlement.
Step 2: Capital Rules
All are affected by any capital you have although the higher and lower limits vary depending upon which benefit you are claiming. But in all circumstances:
Eg: If higher limit is £3,000 and lower limit is £1,500 this would then calculate as £6 income for benefit calculation; for each £250 between limits, £1 is added to your income.
Step 3: The calculation
For most benefits this involves comparing your income with the amount which the Department of Work and Pensions (DWP) sets as applicable amounts for you and your family’s benefit entitlement; see www.direct.gov.uk for further information.
- Local Support
- Your Ex