I have savings over £6k (but under £16k) which will obviously affect the level of UC I am awarded:
(1) if, during the course of the future time in which I remain on UC, my level of savings fluctuates significantly, will the amount of UC I am entitled to be re-calculated - and if so, how would this happen? Would I have to request recalculation?
For instance, if in the future my savings deplete to a much lower level than they are at currently, can my UC then be increased?
(2) however, if it is, would this then simply be deducted pound-for-pound from any Transitional Protection I have been awarded?
(3) would there be any other consequences to a recalculation happening?
Thanks in advance.