Saving limits
Wellspring
Online Community Member Posts: 4 Listener
Can anyone tell me is they any saving limits for working and child tax credits.. Plz
Thanks in advance
0
Comments
-
No there is not. There are capital/savings limits for Universal Credit (UC) and you'll soon be invited to claim this as part of managed migration.
If you have capital/savings of more than £16,000 this will be disregarded for 12 months when claiming as part of managed migration. After those 12 months if your capital is still more than £16,000 entitlement to UC will end.
If during those 12 months your capital drops below £16,000 and then goes above it again, then entitlement will end.
Capital/savings affect means tested benefits such as housing benefit, council tax reduction, Income Related ESA/JSA, Income Support and UC.
1
Categories
- All Categories
- 14.2K Start here and say hello!
- 6.8K Coffee lounge
- 69 Games den
- 1.6K People power
- 101 Community noticeboard
- 22K Talk about life
- 5K Everyday life
- 58 Current affairs
- 2.2K Families and carers
- 824 Education and skills
- 1.8K Work
- 438 Money and bills
- 3.4K Housing and independent living
- 895 Transport and travel
- 659 Relationships
- 64 Sex and intimacy
- 1.4K Mental health and wellbeing
- 2.3K Talk about your impairment
- 845 Rare, invisible, and undiagnosed conditions
- 893 Neurological impairments and pain
- 1.9K Cerebral Palsy Network
- 1.2K Autism and neurodiversity
- 35.8K Talk about your benefits
- 5.6K Employment and Support Allowance (ESA)
- 18.5K PIP, DLA, and AA
- 6.6K Universal Credit (UC)
- 5.1K Benefits and income