I recently transitioned to Universal Credit and get Transitional Protection. I have savings over the £16k threshold so will loose UC entitlement after 12 months.
I'm in the process of buying a house. My savings were and are intended to be used to fund the deposit.
After the purchase my savings will be less than £6,000.
I would like to ask: A) Will I loose my transitional protection? and Will I then be entitled to Universal Credit as my savings will be below the threshold?
We cannot answer your question as we do not have all the facts.
Claimants loose all or some of their transitional protection when they have a change of circumstances.
We would advise you to seek help from your local Welfare Rights Organisation, where they can take all your circumstances into consideration; advicelocal.uk
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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