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Savings limit hasn’t changed for decades

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Becky
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11 months 4 weeks ago #293625 by Becky

Savings limit hasn’t changed for decades was created by Becky

I’m wondering how long the savings limit for means tested benefits has been £6000? I can only find figures going back to 2006, and it was £6000 then. I think it was £6000 long before that. Even £6000 at 2006 levels would be over £10000 now. In 2000 it would now be over £14000. Surely there should be an adjustment for inflation.

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Chris
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11 months 4 weeks ago #293630 by Chris

Replied by Chris on topic Savings limit hasn’t changed for decades

Hi Becky,

I totally agree - but can't see it rising anytime soon unfortunately. Maybe's it's worth starting a petition to have it increased to £10,000 - although this would cost the DWP millions more in overpayments with UC I'd imagine.

Chris.

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

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