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UC LCWRA & saving up for rent

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2 days 13 hours ago #311172 by ivyfox
UC LCWRA & saving up for rent was created by ivyfox
Thanks to your invaluable advice, I successfully underwent Managed Migration to UC in the summer.

At the time of registering to receive UC, there wasn't a tick box which reflected accurately how I have to pay my rent. Nor was there space allocated for further details, so I simply entered the monthly rent amount as stated on my private tenancy agreement, which is £1100.

The property management company requires that I pay a minimum of 6 months' rent in advance, in return for which I receive a tenancy of 6 months. The renewal date is March 2026.

I'm a bit worried that my savings may just go over the £6K threshhold, depending on when monies enter & leave my account in March.

Would you recommend I put a note in my journal to explain the rent payment method? Please advise.

Thank you for all that you do :)

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2 days 5 hours ago #311177 by David
Replied by David on topic UC LCWRA & saving up for rent
Hi ivyfox

It is fine to pay 6 months rent in advance and then get your monthly rental charge as per the tenancy agreement met by UC Housing Costs.
How much are your savings before paying the rent in advance?

David

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1 day 13 hours ago #311219 by ivyfox
Replied by ivyfox on topic UC LCWRA & saving up for rent
I put the rent money aside each month, so I'll have amassed £6600 by March, when it all goes out again.

Depending on the timing of PIP, NS ESA, and UC payments, it may mean I go over the £6K limit for a few weeks.

I can't recall if the proposed regulations for the DWP to monitor our bank accounts went through - I think not - but I'm worried about a potential criminal charge for benefit fraud :/

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13 hours 49 minutes ago #311234 by latetrain
Replied by latetrain on topic UC LCWRA & saving up for rent
Hi ivyfox

Unfortunately it did go through.
From the information in your post , you would lose £2.00 a week in tariff income but it is not that straight forward, benefits you receive is not classed as capital until the end of the period in which it is paid.
You need to seek specialist advice from your local Welfare Rights Specialist; you can find your local Welfare Rights Organisation to help you with advice by clicking on the link below and putting in your post code, it will then come up with a MAP with a list of agencies in your area advicelocal.uk.

Gary

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