Hi hope someone can answer this query for me if I have £5900in savings account and receive my Benifits for u/c and carers allowance and pip does this take me over the 6000 in savings limit and have to pay a penalty in u/c and lose council tax reduction as limit is 6000. Thank you
Just to clarify it is not your savings that is considered it is your assets and savings including any cash you have, not just a savings account but every bank account you have.
So, if your total savings and assets are under £6000 then you have no problem, if it is more than £6000 but less than £16,000 then there will be a Tariff Income deducted from your UC, your other benefits remain unaffected.
If you have more than £16,000 then you lose entitlement to UC, you will also likely lose your CTR but there are some limited exceptions to this rule.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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.