DWP clarifies Universal Credit position on protection pay-outs
Only capital over £6,000 taken into account
The Department for Work and Pensions (DWP) has issued a clarification that pay-outs from term life, critical and terminal illness insurance policies will not impact means-testing for Universal Credit.
The DWP was responding to an inquiry by The Building Resilient Households Group (BRHG) on how payouts from these insurance policies would be treated for means-tested benefits for working age people ...
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