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1302185
star this property registered interest false more like this
star this property date less than 2021-03-12more like thismore than 2021-03-12
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions remove filter
unstar this property answering dept sort name Work and Pensions more like this
star this property hansard heading Means-tested Benefits more like this
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what calculation is used to determine the appropriate capital threshold limits for welfare benefits which are means tested and which are not payable in the event that a claimant holds savings or capital above the set threshold. more like this
star this property tabling member constituency Gateshead more like this
star this property tabling member printed
Ian Mearns remove filter
star this property uin 167854 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2021-03-18more like thismore than 2021-03-18
star this property answer text <p>The capital thresholds strike a balance between protecting less well-off people and the taxpayer, whilst at the same time recognising the conscientious efforts of people who have built up capital. This limit also ensures that the help which comes from taxpayers, many of whom are themselves on low incomes and have limited capital, is directed to people who need it most. Whilst it is important to encourage saving, it has never been thought right for substantial amounts of capital to be ignored, therefore it is also reasonable that there should be a capital limit above which benefits are not available. The current system allows people to continue to receive benefit even though they may have an amount of capital, by gradually reducing the level of their entitlement.</p> more like this
star this property answering member constituency Colchester more like this
star this property answering member printed Will Quince more like this
star this property question first answered
less than 2021-03-18T16:33:30.663Zmore like thismore than 2021-03-18T16:33:30.663Z
star this property answering member
4423
star this property label Biography information for Will Quince more like this
star this property previous answer version
91205
star this property answering member constituency Colchester more like this
star this property answering member printed Will Quince more like this
star this property answering member
4423
star this property label Biography information for Will Quince more like this
star this property tabling member
4000
star this property label Biography information for Ian Mearns more like this