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If you currently receive means tested benefits, you are under an obligation to notify the Department for Work and Pensions (DWP) if your level of capital or your income changes. One situation where you may have to notify the DWP is if you have made a successful personal injury compensation claim and you are due to receive a compensation award. Receiving a large amount of money, such as a Personal Injury Award could affect the benefits you are eligible to receive.
You should seek professional legal advice about setting up a Personal Injury Trust to safeguard your money if you are due to receive an award of £10,000 or more, or you have savings of £10,000 or more and are in receipt of one or more of the following means tested benefits:
It is also possible to protect your Personal Injury Award from long term care fees and Inheritance Tax by setting up a Personal Injury Trust. Here at Canter Levin & Berg Solicitors, the legal experts in our Private Client Department are able to provide you with personalised advice on how to protect your Personal Injury Award and assistance setting up a Personal Injury Trust.
Call 0151 239 1064 to speak to a member of our Private Client Department about safeguarding your Personal Injury Award or fill in the enquiry form on this page and someone will get back to you.