Page 1 of 2

Saving up carers allowance

Posted: Thu Nov 08, 2018 5:22 pm
by Carers_1809
Hi

I want to buy a car eventually is it okay for me to save up £60 of the £64.60 of my carers allowance in to a separate account? What savings can you have? What is the limit? I want to save around £3000 for a car

Re: Saving up carers allowance

Posted: Thu Nov 08, 2018 5:29 pm
by Chris From The Gulag
There are no restrictions on the use of Carers Allowance.

If claiming solely Carers Allowance , it is not means tested.

For most , it constitutes the greater part of their income ... unless juggling work with caring and / or drawing down a private pension to starve off going under.

Being in a family unit also helps if the " Breadwinner " is unaffected by caring.

Not in this case it appears ... ?

Re: Saving up carers allowance

Posted: Thu Nov 08, 2018 7:16 pm
by Carers_1809
Chris From The Gulag wrote:
Thu Nov 08, 2018 5:29 pm
There are no restrictions on the use of Carers Allowance.

If claiming solely Carers Allowance , it is not means tested.

For most , it constitutes the greater part of their income ... unless juggling work with caring and / or drawing down a private pension to starve off going under.

Being in a family unit also helps if the " Breadwinner " is unaffected by caring.

Not in this case it appears ... ?
Chris, thank you for your fast replies. I only claim Carers Allowance. I have no private pension, I get paid every month £520, which is below the £520.04 limit. I had to adjust my work efforts to make sure I get all my work done in the set hours to equal that pay, which means no more relaxing at work!

I am affected in the sense I no longer am pursuing my career which paid me a salary of £25,000 per anum. It has significantly reduced, but my father comes first.

Re: Saving up carers allowance

Posted: Thu Nov 08, 2018 7:19 pm
by Chris From The Gulag
Your welcome.

I will assume that the recent hike in the Real Living Wage / rise in the Minimum Wage next April will not cause any problems in keeping within the limit ?

Feel free to bounce anything else off us here on this forum.

Re: Saving up carers allowance

Posted: Thu Nov 08, 2018 8:12 pm
by bowlingbun
Can I ask if dad will be taking rides in the car? If you will be using it for his benefit at all?

If so, then he should be making a significant contribution towards the cost of the car!!

Re: Saving up carers allowance

Posted: Wed Dec 26, 2018 11:26 pm
by Carers_1809
bowlingbun wrote:
Thu Nov 08, 2018 8:12 pm
Can I ask if dad will be taking rides in the car? If you will be using it for his benefit at all?

If so, then he should be making a significant contribution towards the cost of the car!!
Hi

Will be used for Dad from time to time, and Dad will contribute towards fuel and car to an extent.

Re: Saving up carers allowance

Posted: Thu Dec 27, 2018 8:43 am
by Henrietta
Depending on your dad's finances, if he is reasonably comfortable, is he giving you his Attendance Allowance? I believe you still don't have to justify how it is spent so perhaps a separate transport pot?

Re: Saving up carers allowance

Posted: Thu Dec 27, 2018 8:54 am
by Chris From The Gulag

Re: Saving up carers allowance

Posted: Thu Dec 27, 2018 9:39 am
by bowlingbun
If dad has over £23,000 in savings, make sure HE buys the car with HIS money!

Re: Saving up carers allowance

Posted: Fri Dec 28, 2018 2:57 am
by Carers_1809
Chris From The Gulag wrote:
Thu Nov 08, 2018 7:19 pm
Your welcome.

I will assume that the recent hike in the Real Living Wage / rise in the Minimum Wage next April will not cause any problems in keeping within the limit ?

Feel free to bounce anything else off us here on this forum.
I really look forward to the budget in April every year. Let's hope it increases for us.If anything, it will help me. I'll deal with that when it comes.

There's a poor lass at work who's also a carer, she doesn't know I'm a carer (I am very private) and she's forced to work a few hours extra without being paid, simply so she doesn't go over the allowance to get disallowed. It is really bad.