what does 'means tested benefits' mean?
Trying to fill out a college form but dont understand this bit!!
9 Answers
- agent4927Lv 51 decade agoFavourite answer
That means benefits paid according to your financial circumstances. E.g. if you have more than 15k in the bank you don't get any income support.
- Belgian maidenLv 61 decade ago
Means tested benefits means that some authority (employment agencies, tax credits etc) has checked on your financial situation and decided to give you financial benefits if you need them. There are a lot of means tested benefits, from tax, housing, unemployment, pension etc etc. As you seem to be applying for a college education, I would ask the college admissions office what means tested benefits they want to know about, so you can fill in your form. It may depend on your parents' income and whether they are on some means tested benefits.
- 6 years ago
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RE:
what does 'means tested benefits' mean?
Trying to fill out a college form but dont understand this bit!!
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- Susan BLv 61 decade ago
'Means tested benefits' are benefits which are allocated according to your means.
That is if you are filthy rich you get nothing, but if your income is minimal/non-existent, you get some cash benefits from the state, council tax/housing allowance or income based JSA, income support etc.
- knownoutLv 71 decade ago
You only get the benefit providing your or your parents income is below a certain level If it is more then you cannot have the benefit .
- Anonymous5 years ago
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It is a benefit that is paid regardless of income or assets (means to support oneself)
- Anonymous1 decade ago
Benefits calculated according to your needs and other income/assets.
- 1 decade ago
It means they ask you and all living in your household how much they earn and based on that they decide how much benefits you are entitled to.