UC and savings/child's account.
robertt
Online Community Member Posts: 129 Contributor
Hello. I'm aware of £6000 savings limit before deductions. For some reason this £6000 hasn't changed for the past 10yrs or so. My question is, if my child has few thousand pounds in their account, can UC assume that this is my money and deduct some from my UC claim? Let's say I have £6000 in my savings and my child has another £6000 . What happens then thank you?
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Comments
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The savings limit for children is £3,000. If you have access to those savings then there could be issues. Savings is a Junior ISA are ignored because they can't access them until they are 18.
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Ok thank you.0
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