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RE: Having over 6k in your bank

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22 hours 2 minutes ago #310585 by Kuju2
RE: Having over 6k in your bank was created by Kuju2
Hi all,

I am potentially going to be receiving an inheritance which will be over the 6k allowed before deducions take place on UC, I am in the LCWRA group.

My question is, do I have to let UC know exactly how much is in my bank every month so that they don't overpay or underpay me (I understand that any money left over in my current account will be regarded as capital) and if so, when in the month do I let them know. Do I let them know when I get paid, or do I do it on the last date of my assessment period?

Thanks in advance for your help.

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19 hours 18 minutes ago #310587 by David
Replied by David on topic RE: Having over 6k in your bank
Hi Kuju2

Yes it is the balance on the last day of your Assessment Period that is used for UC calculations.

David

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