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UC deductions for savings

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1 week 15 hours ago #309009 by Sarah JB
UC deductions for savings was created by Sarah JB
Hi,

Can anyone tell me the amount that should have been deducted per £250 over the savings threshhold back in 2022 and 2023? Was it £4.25?

Thanks

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6 days 1 hour ago #309068 by latetrain
Replied by latetrain on topic UC deductions for savings
Hi Sarah JB

You are talking about tariff income which is £1.00 pw for every £250 bundle or part bundle over £6k for claimants under pension credit age or £1.00 for every £500 bundle or part bundle. If you have over £16k then you are not entitled to any mean tested benefit.

£1.00 per week equates to £4.33 per month per bundle or part bundle.

Gary

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

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