Post by MikePost by mikePost by mikePost by HiramI know of someone who is on currently benefits, but who holds a
substantial cash sum in an off-shore account.
I presume there is nothing I can do about it?
How do you know? Have you seen evidence?
I have known snouts to be caught out by being given bogus info.
Privacy laws are great aren't they!! Perhaps we should follow the US
example and publish benefits and tax returns. They have a lesser need for
tax or benefit fraud inpectors.
No, not 100% sure he has the cash. But we'd recently been disusing
putting cash off-shore, as I have a Jersey Euro's account. So I have
strong suspicions.
He is definitely on JSA, I am sure of that.
If you can provide sufficient info then the DWP will be able to
interview him under caution,
I could give institution and rough quantities. And possibly the
currency involved. I only invest in Euro's and Dollars, I think he'd
be the same.
I'll be interested to see how the DWP go about investigating something
like this.
It would also be interesting to see how the law is written in regard
to savings. Insofar as, what constitutes savings. A house is an
asset, yet, that isn't counted I believe. A pension is an investment,
is that counted as saving?
Anyway. I will do some more digging. Do you have a number I can
phone if I get something more substantial?
https://secure.dwp.gov.uk/benefitfraud/
The house in which you live is not considered savings, most commonly
property considered as savings belongs to people who have moved
permanently into a care home.
A pension is not considered savings for Pension Credit purposes (not
sure about IS/JSA) but you are expected to draw on it as early as you
can or it can be treated as notional income. That means the pension
entitlement is taken into account as though you are receiving it.
The information you have seems vague, without a bit more it's unlikely
they would even call him in. The fraud teams have standing warrants
which allow them to obtain financial info etc from UK institutions. If
he had the money in a Barclays UK account and moved it overseas they
would be able to see the UK end of the transaction.
If you know where the money was held and when it left the investigators
could get a copy of the statement and ask him to explain.
Mike
Unfortunately, I disagree with the rules on this one. I think a house
should be counted as saving. I'll concede on a pension - but if you
become unemployed, you should have to sell your house. I think the
rules as they stand are way too complex, personally, I think they need
to be simplified.
You don't know the half of how complex they are but I agree they are far
to complex.
Expecting someone to sell their residence due to unemployment is
unreasonable and would leave many families homless and save the
taxpayers little or nothing in some cases.
We'll see what happens next month, I have a feeling the rules are
likely to get a bit tougher.
Not particularly, some benefits may be frozen which is pretty much all
he can do without legislation. I'm sure that they will talk tough but
legistlation would have to be passed to abolish or significantly change
benefits and there doesn't seem to be anything immediately on the cards.
As EVERY goverment announces "tough new rules" approximately every two
years and none ever really deliver I doubt this one will.
What they do is create an illusion of toughness and opportunities for
private companies to 'help people back to work' and switch a few
thousand from one benefit/allowance to another.
IMO AA/DLA ha become a major con, whilst many peple who do get it need
it few use it to pay for care. All to often the taxpayer ends up
funding satelite TV, prezzies for the grandkids etc
I don't think he'd be dumb enough to have an audit trail through a UK
bank. But, you never know.
If the money was overseas already then why would he talk about moving it
overseas?
Mike- Hide quoted text -
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DLA/AA may be used to pay for care. Maybe as much as 8 hours worth a
week - which isn't a lot of care. Maybe enough for help showering and
getting dressed in the morning 7 days a week.
from those budgets.
Just treated as general income, can be used for what they want.
care holidays and so on.
Or spent on the Lottery each week.