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26 October 2009

Benefits/savings/means testing

So.. you are applying for Pension Credit (or any other benefit). 'They'/DSS, whatever, ask for "bank statements" to confirm your answer that you have no savings, on their form. In fact you have say, £100k in ISA/bonds/whatever. Obviously these are not in your bank account. They could ask for a years worth of bank stats, and nothing relating to these investments would show. HOW can they/DO they, check 'elsewhere', ie it would be obvious if they checked with the IR that you have had considerable interest on which tax has been paid. Obviously it would be fraud, but you hear of people 'getting away with it'/by lieing. DO they make checks ??

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