Hi, my name is mary989! Are CoL payments disregarded for capital? — Scope | Disability forum
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Hi, my name is mary989! Are CoL payments disregarded for capital?

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mary989
mary989 Community member Posts: 6 Listener
edited February 22 in Universal Credit (UC)
Cost of living payment 
Hi there . My query is about cost of living payments.I’m on universal credit.  I have read that these payments are disregarded when working out capital. My capital is over £6000 but was under 6000 when I got these. Universal credit do not agree with me 

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  • Albus_Scope
    Albus_Scope Posts: 4,245 Scope online community team
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    Hi @mary989 and welcome to the community. :)

    You are correct and CoL payments are not taxable and should not affect any benefits or tax credits you receive, as it counts as a 'capital disregard' 

    Taken from the parliament website;
     "The government is making Cost of Living Payments to
    claimants on certain benefits including Universal
    Credit.
    The Cost of Living Payment is disregarded for
    Universal Credit capital purposes indefinitely "
    Albus (he/him)

    Online Community Coordinator @ Scope

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    Neurodivergent.
  • mary989
    mary989 Community member Posts: 6 Listener
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    Hi @Albus_Score yes I had done some research and agreed with what you say . I’ve had this conversation with them on the phone. The guy I was speaking to asked his manager and they said no . They said they were going on guidance . My capital was about £4000 and I’ve just declared some money that has put me over £6000. 
    They said that they could only disregard it if I was at present under £6000 .
     I’m not sure how to handle this ? 
  • Kimmy87
    Kimmy87 Community member Posts: 316 Pioneering
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    UC on the phone are basically call centre staff and have been known to give out wrong advice.

    I'd put a note on journal instead personally.
    Saying that without CoL payments your capital is now over 6000, but under when deductions for CoL are made. 
  • mary989
    mary989 Community member Posts: 6 Listener
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  • mary989
    mary989 Community member Posts: 6 Listener
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    @Kimmy87 it’s difficult to know what category to choose to put a net on my journal . It’s all changed now, last time I used the journal I was able to just put a note on it 
  • Hannah_Alumni
    Hannah_Alumni Scope alumni Posts: 7,912 Disability Gamechanger
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    @mary989 Have you asked on your journal which category you should choose? 
    Hannah - She / Her

    Online Community Coordinator @ Scope

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