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savings

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2 weeks 2 days ago #308096 by Rox
savings was created by Rox
hi, one last quick question....

i have some money in my savings accounts that i have saved up from receiving UC, do i need to declare this i am wondering? (it is under £1000)

Thank you again

Sarah
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2 weeks 2 days ago #308118 by latetrain
Replied by latetrain on topic savings
Hi Rox

As stated in your previous question you need to report any saving over £6k as this will affect you UC entitlement.

Between £6k and £16k for every £250 bundle or part of, you will loose £1.00 in tariff income. Once you go over £16k you will loose all entitlements to any means tested benefits.

Gary

Nothing on this board constitutes legal advice - always consult a professional about specific problems
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1 week 1 day ago #308385 by Rox
Replied by Rox on topic savings
many thanks again!

Sarah
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