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Implications of cash gift

Posted Wed, 22 Nov 2023 18:08:33 GMT by
Hi - would be grateful of any help. I'm soon to migrate over to UC... my parents are to gift me 50k ( can be given before or after migration. I'd like to use this to repay my mortgage, pay off some debt ( 5k) and then either pay into my pension or pay into my Childrens JISA's can I do this without it affecting my claim? Many Thanks
HMRC Admin 32 Response
Posted Fri, 24 Nov 2023 13:23:45 GMT by HMRC Admin 32 Response
Hi,

Unfortunately we cannot say what effect this will have on UC on the forum. You will need to contact DWP for advice. 

You can phone them on 0800 328 5644, their lines are open from 8am to 6pm Monday to Friday.

Thank you.

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