Benefits for low paid son

In a word yes - the money stops him accessing benefits I believe

I think the limit for savings is £6000

Thank you ladies, that is as I suspected.

I doubt he would get benefits any way earning £10 an hour.
That is quite a bit more than minimum wage.

Without the capital he might get housing benefit depending of course

Some people would be delighted to earn £10 per hour.
I don't think he would be entitled to benefits.

We have established that his capital precludes him benefits

crikey some seem to think that £10 per hour is a lot, it isn't! There is an online benefit calculator on the government website which I suggest your son uses. What benefits he receives depend upon his circumstances, family etc., but it is correct that the lump sum will be taken into account and will mean that he will not receive anything at the moment.

Perhaps you could 'take back' the deposit and invest on his behalf?

No - if that came out it would be deliberate deprivation of resources

It's £8.000 and anything over that will stop benefits. £10 a hour is good money.more than average wage

He is so lucky to have parents as generous as you. Does he have siblings and have you been equally generous to them?
To receive benefits of any kind you need an income of next to nothing which most folk would find hard to imagine.
Some folk claim benefits and receive money 'on the side' from parents and if found out by someone who feels strongly about this 'cheating the system' could report them to the benefit fraud department.
As said by other posters £10.00 an hour is a good wage and the only way to increase income would be to work more hours either by doing overtime or doing two jobs.
Another way to increase income would be to train for a job which pays more.
Is it always wise to give ones children money?

That's the problem.

Is his job full time? 40 hours at £10 per hour is £400 per week. I'm sure he won't be entitled to any benefits on that

crikey some seem to think that £10 per hour is a lot, it isn't!
Really?
It is more than a lot of people get GillT57!

You could buy a flat or house in some areas with £80,000.
Would he be better moving?

jalima we do not know what the young man does for a living of course,or where, but £10 an hour is very little to run even a single household on.

Yes, that's why a lot of people are claiming working tax credits.

That's why people need food banks if their money is messed with.

Minimum wage is £7.85, I think.

£80,000?? Good grief! Hope he's taking very good care of that. That's a fortune in anyone's book. As a previous poster said, he could practically buy a flat straight out in some areas.

Are you a new poster Nanasuzy? If so, welcome to GN!

How much more than £80,000 does anyone actually need for a deposit anyway? ??

Unless we know where he lives we have no idea what size deposit he needs. Assume his gross income is £20000, a very generous bank might lend him £60000. To buy a one bedroom flat where I live he’d need a deposit of at least £200-240,000.

And doesn’t anyone understand that areas with very low house prices are more likely to have more insecure minimum wage jobs?

Sorry OP. I have no sympathy. Why on earth would such a fortunate young man get any benefits?
Can't see why families in dire circumstances should be squeezed even further to divert scarce resources in his direction.
Clearly perceptions of "need" vary greatly!