Interest and savings — Scope | Disability forum
If we become concerned about you or anyone else while using one of our services, we will act in line with our safeguarding policy and procedures. This may involve sharing this information with relevant authorities to ensure we comply with our policies and legal obligations.

Find out how to let us know if you're concerned about another member's safety.
Please read our updated community house rules and community guidelines.

Interest and savings

paries1
paries1 Community member Posts: 380 Pioneering
edited August 15 in Benefits and financial support
Hi everyone , if you have savings below 6k then get some interest , that takes you over 6k , is the interest disregarded for any length of time ? 
· Share on FacebookShare on Twitter

Comments

  • poppy123456
    poppy123456 Community member Posts: 49,829 Disability Gamechanger
    No it isn’t. When claiming UC it’s the last day of your assessment period that counts for savings. 
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
    · Share on FacebookShare on Twitter
  • woodbine
    woodbine Community member Posts: 10,479 Disability Gamechanger
    Its counted but the good news is no tax paid on the first £1000 of interest
    Seasons greetings to one and all 🎄🎅🏻🌲
    · Share on FacebookShare on Twitter

Brightness

Categories

Complete our feedback form and tell us how we can make the community better.

Do you need advice on your energy costs?


Scope’s Disability Energy Support service is open to any disabled household in England or Wales in which one or more disabled people live. You can get free advice from an expert adviser on managing energy debt, switching tariffs, contacting your supplier and more. Find out more information by visiting our
Disability Energy Support webpage.