Universal credit savings questions

PLEASE DELETE MY PERVIOUS 3 POSTS AS THIS IS UPDATED ONE

Once out of the capital transitional protection for Universal credits these below questions are in relation too.

1) so our assesment period is between 29th and 28th of every month.
So the last day of our AP is the 28th of every month? Regardless of if its a Sunday or Monday etc? Correct?



2) So for example during the course of the AP we are below 16k but then wages come in, UC credit comes in, other benefits come in which takes us over 16k. Then by the last day of the AP we are back under 16k after expenses etc are paid then we do not need to declare any changes as there has been no changes in savings being over 16k? Is that correct? (Yes we have already declared savings of £15,500 and getting deductions on those)



3) the same situation as above (2) for example we are at £15,500 and a random gift from a relative comes in for £600 takes us over 16k but again we are still under 16k by the end of the AP as that gift just was spent on general living expenses. Does the same still apply as above (2) no different, even though it was a gift and not benefit/wages that took us over 16k?
As I had read that its only savings or wages that are disregarded as capital?


For example we get a gift from my mother for my birthday of £600 and we used it just in general living expenses and that £600 pushed us over 16k but we had spent it before the end of the AP and we were back below 16k to the amount of savings already declared to the DWP by the end of the AP what happens in this situation?
Does the DWP still consider us above 16k and that £600 birthday gift now added to our savings even though it's been spent on general living expenses?

4) on the AP at the end of every month I highly doubt we will always be at exactly the same amount as the first month we declared our savings as being. For example we declare £15,000. I think most months we will be £250- or + of that. Ie one month we will be £14,600 and next month £15,300.
So does that mean we need to add our savings up at the end of every AP ie the last day of every AP and if £250 plus or minus of the declared amount UC have then we need to put jn a change of circumstances and end up having to probably go in and show all our bank account statements etc.

To answer your questions
1) yes the assessment period will be the same on every month except February where it move forward, however the payment date may vary to take account of bank holidays.
2) income received from work does not count as capital until the end of the assesment period after it has been received.
3) technically yes, but if money is received and then quickly spent, it might be better to leave a message in your journal explaining what happened, to avoid having to do a reclaim.
4 yes you would have to report this, deductions from UC due to capital are calculated In Multiples of £250 so if your capital changed from £14,999 to £15,000 across assesment periods you should report this. But if it changed from £15000 to £15001 you wouldn't need to report this.

Thanks freedricka so helpful

It's a real possibility that it may happen that we get a gift from a family member or similar and takes us by surprise which might push us over 16k. It's happened before that we have had an u expected gift or similar but not in this particular situation but now we are not far from the 16k the reality of it happening is possible and need to know what the situation is if it happens now.

Does it mean technically our UC ends and we need to make a new claim. And we HAVE to report it and it doesn't matter if we spend it reasonably before end of AP.

Unlike income which if you go over 16k and spend it reasonably and it's back under 16k by end of AP then it is totally fine as that's income and not a gift as a gift is instantly considered as capital/savings?