× Members

Savings

More
3 hours 9 minutes ago #312026 by Brian1888
Savings was created by Brian1888
I recently informed UC of receiving an inheritance which took me over £16,000. During same assessment period I paid off some debt which took me below £16,000.

My question is do UC include benefit payments as savings as potentially these could take me again over the £16,000 limit during an assessment period ?

Many Thanks in Advance.

Please Log in or Create an account to join the conversation.

More
2 hours 42 minutes ago #312027 by David
Replied by David on topic Savings
Hi Brian1888

If you don't spend your monthly UC payment within 30 days and then add it to your savings pot which then exceeds £16k, your UC claim will be closed.
It should not be difficult to spend it as for instance gas and electricity suppliers are keen to take larger payments during the winter to shore up the account.



David

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

Please Log in or Create an account to join the conversation.

Moderators: GordonlatetrainBISCatherine12345ChrisDavidKeelyJasmine
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.