× Members

savings

More
2 days 15 minutes ago #308096 by Rox
savings was created by Rox
hi, one last quick question....

i have some money in my savings accounts that i have saved up from receiving UC, do i need to declare this i am wondering? (it is under £1000)

Thank you again

Sarah

Please Log in or Create an account to join the conversation.

More
1 day 14 hours ago #308118 by latetrain
Replied by latetrain on topic savings
Hi Rox

As stated in your previous question you need to report any saving over £6k as this will affect you UC entitlement.

Between £6k and £16k for every £250 bundle or part of, you will loose £1.00 in tariff income. Once you go over £16k you will loose all entitlements to any means tested benefits.

Gary

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

Please Log in or Create an account to join the conversation.

Moderators: GordonlatetrainBISCatherineChrisDavidAngel