Universal Credit savings question

Hi,

I haven't been on UC for long, having recently migrated from ESA.

Do I need to report an increase in my savings, even if it's still below the £6k threshold?

I didn't think it would matter, but maybe it does.

Thanks in advance

Hi Ted Pea

No you do not to report an increase in your savings as long as it is below £6k, once your savings go over £6k, then it will affect any means tested benefits you may be claiming, tariff income: www.gov.uk/guidance/universal-credit-mon...d-investments-limits

Gary