Does compensation affect benefits in the UK?
Compensation is treated as savings when it comes to means tested benefits. Means-tested benefits stop at a savings threshold of £16,000. But, any savings above £6,000 will reduce your benefits.
Our FAQs are a great resource for getting quick and easy answers to your questions.
Compensation is treated as savings when it comes to means tested benefits. Means-tested benefits stop at a savings threshold of £16,000. But, any savings above £6,000 will reduce your benefits.