Savings Threshold and Christmas bonus

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  • poppy123456
    poppy123456 Online Community Member Posts: 64,463 Championing
    https://forum.scope.org.uk/discussion/comment/888183#Comment_888183

    It was the same as the cost of living payments, a couple would receive just one payment but other members of the family would receive a payment each, if they were entitled.

  • WhatThe
    WhatThe Online Community Member, Scope Member Posts: 4,263 Championing

    do the right thing and put some money away?

    If you have spare money to put away you can! Not an option for those of us running a home on poverty benefits (UC personal allowance minus a bedroom tax)

  • egister
    egister Posts: 1,116 Pioneering

    As for the £6000.00 savings threshold, it seems rather... stupid and humiliating. If a person has savings of, for example, £60000.00, then he has already paid a lot of taxes in previous years, much more than the 50*£10 that he can receive in his entire life with such a bonus.

  • Stickman
    Stickman Online Community Member Posts: 204 Empowering
    edited July 2024

    Stupid and humiliating are definitely correct, egister. £6000 savings doesn't go very far plus I've had to dig into my savings to pay some insanely high bills - energy, water, food and rent. I've written to my MP.

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