I came across your response to axab43 and wanted to reach out for some clarification.
Previous posters have indicated that the DWP does not have access to our financial information at the moment, yet you mentioned that the DWP checks your banking and savings accounts twice a year.
If you feel comfortable, could you please elaborate on this? It seems to contradict the general consensus.
It's simply to do with the fact that my savings are over the £6,000 - so every year, in July, the DWP requests all my bank statements/savings accounts are uploaded to them via my journal - so they can ensure that I am receiving the correct amount of Universal Credit. As you lose £4.35 for every £250 in savings you have, over the £6,000 threshold. Anything over £16,000 - you lose your UC altogether. This is exactly the same process in February but completed by my local council, to ensure that I am receiving the correct amount of Council Tax Support, based on my savings.
Hope this helps clarify what you asked.
Chris.
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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