Settlement Agreement Universal Credit

The first payment of compensation for bodily injury is ignored by benefit agencies for a period of 52 weeks. Agencies sometimes mistakenly think that a trust must be set up within this 52-week period. If the first payment leaves your money below £6,000, it won`t reduce your benefits, but what you spend can be treated as fictitious capital. In any case, you must create a trust when a second interim payment is to be made or to obtain your compensation at the final settlement. To learn more about the 52-week contempt, click here. I think your question has two aspects. In the case of compensation, compensation must also be reimbursed for all benefits received by the victim as a result of the accident. It is the party paying compensation that is required to reimburse benefits, although the paying person may have to be taken into account for certain parts of his or her right. This is called reimbursement of benefits and you can read more here....

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