Reduction of savings when on universal credit

Hi, I would really appreciate some advice regarding a reduction to my saving whilst on universal credit please.

I have been on universal credit for almost a year. When I first applied I had around £14K and have, therefore, been getting a reduction to my universal credit payments due to the savings.
I had thought the DWP would request update and proof of my savings periodically but I have not been asked for this thus far.
I have got less savings now than when I applied due to replacing a broken cooker and sofa, amongst other things, but as I get PIP and the additional payment due to having LCWRA I wasn’t sure how things would be financially as the months went by. I knew if my savings were higher than when I first applied I would have to let the DWP know as they would reduce my payments but I am unsure how often it advisable to inform them if savings have reduced. I feel it could get stressful if it was necessary to keep providing proof of savings to prove they are lower and, with my health conditions, I do want to try to keep my stress to a minimum. If this means I get slightly less Universal Credit than my up to date, lower, savings would make me eligible for I could cope with that better than repeatedly providing evidence of a reduction. Could you please advise how often I would be expected to inform of a reduction of savings if you can please.
Many thanks,
Jane

Hi Gary,

Thank you so much for this advice I wasn’t aware that savings had to be updated monthly when reducing - I plan to update this soon. As there has been a significant reduction in my savings in the last year since I applied for universal credit perhaps I will be required to provide paper evidence at the job centre or do you think they would accept downloads of photos of statements? Due to my current health conditions attending the Job Centre would be difficult for me, therefore, I really hope it is not necessary but I will try to sort out the paperwork in case it is necessary. My savings are in a couple of savings accounts and I also have a small number of shares where the value will, of course, fluctuate. I have moved money from savings accounts to my current account to pay for larger purchases and in months where my outgoings were significantly reducing what was in my current account.
Any further information regarding this would be really appreciated.
Thanks again,
Jane