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Savings account query

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7 months 2 days ago #308094 by Rox
Savings account query was created by Rox
hiya!

i just wanted to ask a quick question. I am holding some money from my ex-boyfriend in a savings account that i have. I will be returning it to him on his request. it is several 1000 but much below £6000. I just realised that i need to declare any changes in my savings to UC. I was just wondering if you have any recommendations how i should handle that? Thank you:) Sarah

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7 months 1 day ago #308117 by latetrain
Replied by latetrain on topic Savings account query
Hi Rox

Providing your savings are below £6k then you do not need to worry, if it is over £6k then you need to report it. DWP are getting hot on savings now they are getting new powers and money laundering.

Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems

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6 months 3 weeks ago #308384 by Rox
Replied by Rox on topic Savings account query
thank you, thats helpful to know

Sarah

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