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Capiatl/Savings Limits

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4 years 3 months ago #255117 by Catherine
Replied by Catherine on topic Capiatl/Savings Limits
Hello Paul,

Please don’t apologise for seeking clarity.

I believe the bible for all things related to Capital is assets.publishing.service.gov.uk/governm...e/932378/dmgch52.pdf

Not an easy read, but if you want to dive deeper into this that is where I would start.

However much money you do, or don’t have in your account, the DWP have the right to request to see statements. This is after all the only way they can actually know.

They will be looking to see if you have deliberately done something to reduce your balance to £6,000. But if you have less than £6,000 in there you can spend it as and when you wish.

Catherine

Nothing on this board constitutes legal advice - always consult a professional about specific problems
The following user(s) said Thank You: P T Gadd

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4 years 3 months ago #255198 by P T Gadd
Replied by P T Gadd on topic Capiatl/Savings Limits
Hello Catherine
Thank you for your reply
I have downloaded the document you suggest, all 174 pages
Perfect reading during lock down!!
I feel you and Gary plus the contributor Denby have answered all you can on the subject
So thank you all, keep well
Regards
Paul

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