post office card accounts!

Currently, there are 0 users and 1 guest visiting this topic.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #23059
    MissMoody
    Participant

    Can anybody confirm the way that post office card accounts are taken into account.

    It has been my understanding that we would take the income/benefit going into the account as income and therefore should not use the balance of the account when inputting capital in an assessment. We would be taking it into account twice. We should therefore disregard the balance and no need for verification.

    However, i have been informed that we should ask for verification of it and use it in the assessment as it is a capital account. This is as the claimnt may not spend the benefit in the account and it may build up. However we will still be using it twice as we are using it in the income assessment. This is an ongoing debate!

    Therefore should we:

    Ask for verification and use the balance as info only?
    Ask for verification and take the balance into account?
    Disregard it and not ask for verification as no need for it?

    Thank you for your help![/i]

    #10734
    Darren Broughton
    Participant
    #10735
    MissMoody
    Participant

    what am I looking at sorry! when I click on that thread it just shows me a copy of the page i am already looking at! should I be searching something?

    #10736
    Darren Broughton
    Participant

    It’s supposed to take you to a recent thread called “Income contributing to tariff income from capital” (last posting Wed Nov 06). It dealt with a similar issue. Basically it says that (almost) all capital/savings have at one time been income – for example, the capital in my bank account has all come from my income. The thread gives a good example and there is a Comms Decision mentioned as well.

    Hope this helps

Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.