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watson66

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  1. Well a lot of him leaving in first place was due to stress at work so for him its a benefit not to have to go back there, I guess for them, it just clears their books after 3 and 1/2 years. We feel very lucky that they had the insurance in place to pay him, but do see where your coming from about paying him off. Maybe we should say we want to walk away with 14,000 so if it comes back not tax free, they will have to up the amount, to cover the tax?
  2. Thats a very good point, the thing is we cant guarantee he will always pass their medicals. We dont know how long they will keep paying, i think its ongoing as long as he passed their medicals. My hubby never wants to return to his employment thats the other problem so this way it frees him for the future for when hes hopefully feeling better. To be honest the 14,000 is only just over what they are paying him a year! Do you think if we called their bluff we would get more? Oh and the tax fee thing has to be apparently assessed and decided by HRMC, so we dont know, it looks like it may be but not sure, its the council thing worrying me cos were going to be worse off despite the lump sum.
  3. hi im not much help either, but facing a similar thing with my husband been on long term sick but hes been lucky in that his company have an insurance company who pay reduced payments. my husband is able to claim in capacity beneft, theres another word for it now, but citizens advice could definately tell you what you need. also you didnt say if you owned a home or was renting, if renting you wil get help with paying rent and council tax. even if you do own your own home, you will get help with council tax. so sorry for your situation, its so cruel when your already feeling very low with depression to then face all this uncertainty, they dont realise how worries like this can send you spiralling, here if you need us x
  4. Please help us. My husband has been on long term sick for 3 and 1/2 years. He gets incapacity benefit, and PHI (permanent health insurance). The PHI company have made him an offer of £14,000 in full and final payment, on the condition he terminates his employment with his employer. Currently we get a little help with our rent and council tax. If the payment is classed as capital it wont affect what we get in benefits, in fact we will be better off, as will only have the incapacity benefit coming in as a monthly earning. However, the council are now saying they aren;t sure if they will class this lump sum as capital but may treat it as an earning. Can anyone help? Obviously a lump sum would be amazing we could treat the kids to take them on a once in a life time holiday, and pay off some debts, but if they treat it as an earning it will be gone in a year paying our rent. Also if anyone knows if its tax free that would be great too.
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