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How state benefits are affected

Date: 18 November 2020

1 minute read

State benefits and allowances

There are a vast number of benefits that clients can claim from the Government and there are many underlying complexities with these benefits and some may even interact with each other. We have summarised a selection of the most common benefits asked about. Read the PDF version below, or see further down for a concertina style format.

Read the potential effects of pensions and investments

This is not intended to be a comprehensive list or guide and gives the basics only. We would always recommend you speak to the specialist agency in these areas.

Means tested capital include; cash, stocks and shares (including ISAs), property, premium bonds and National Savings. Potentially disregarded for these tests would be life assurance bonds.

Note: some benefit payments may affect other means tested benefits.