Savings and esa

Lostsoul13

How much saving are you allowed to have? I heard it was 6000 and your benefits won’t be affected? How much after 6000-to 16,000 each week on esa? 

Lostsoul13

Mean to say how much do they take from your benefits! 

Regards 

poppy123456

For legacy benefits such as Income Related ESA/JSA, Income Support/housing benefit it's £1/week for every £250 or part there of over £6,000. Savings of more than £16,000 and entitlement to all means tested benefits stop.

For Universal Credit it's £4.35/month for every £250 or part there of over £6,000. More than £16,000 and entitlement ends.

For council tax reduction some local Authories have a maximum savings limit of £6,000 before entitlement ends. It will depend on each individual LA.

Lostsoul13

thanks thanks so much I called esa and they confirmed this! Regards