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Almost 9 million claimant bank accounts to be put under continuous surveillance

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10 months 4 weeks ago #285954 by tickingclock
What does the CAPITAL limit mean in our bank accounts? from the quote - "Initially the DWP say that they will use their powers to oblige the UK’s top 15 banks to monitor the accounts of all means-tested benefits claimants and report every time an account goes over the capital limit"

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10 months 4 weeks ago #285972 by Chris
Hi tickingclock,

It's to do with the savings limits.
Under £6,000 - full benefits
£6,250 to £16,000 - you lose £4.35 for every £250 over the £6,000 savings you have
Over £16,000 - No benefit entitlement

Also, from having mine done - they check everything, bank accounts, savings, ISA's, Govt Help 2 Save, Bitcoin, Bonds etc
I also heard from others that they checked their Paypal account also.

Regards, Chris.

Nothing on this board constitutes legal advice - always consult a professional about specific problems
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10 months 4 weeks ago #285974 by Gordon
t

For clarity, it is £6001 to £16,000.

Gordon

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The following user(s) said Thank You: Faith, tickingclock, Chris

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10 months 4 weeks ago #285975 by tickingclock
Hi Chris
My disabled daughter has a bank account where her ESA and PIP go but as she has learning difficulties I transfer all that money every month into my Bank account . Would the DWP look into my bank account as well if they see her money being transferred regularly?

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10 months 4 weeks ago #285977 by freddey
hi,
i get enhanced both on pip and pension credit what is my limit please ?

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10 months 4 weeks ago #285981 by Tuliptrees
I take it they will be writing to each of us asking for permission to do this and also when and how often they intend to breach our human rights?
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