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Universal Credit savings question

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Ted Pea
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1 week 5 days ago #310554 by Ted Pea

Universal Credit savings question was created by Ted Pea

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

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latetrain
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1 week 5 days ago #310562 by latetrain

Replied by latetrain on topic Universal Credit savings question

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

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

The following user(s) said Thank You: Ted Pea

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