Been asked to send id and 4months of bank statements

bobby1986

I got asked to send bank statements for 4 months and also Id

I got a back payment of £12,000

So I have £11,000 in my account how is this going to affect me im on lwrca

I also have two small children

Kimi87

Please read through this topic:

https://forum.scope.org.uk/discussion/125931/universal-credit-bank-reviews-frequently-asked-questions

Benefit backpayments are disregarded from calculation of your capital for one year.

At my review I was over £6k going by my statements.

After I uploaded my statements I added a Journal note stating with Cost of Living payments excluded I was under £6k.

During my interview it was confirmed my understanding about CoL being excluded was correct. I was asked to then upload individual statement pages showing all my CoL payments.

After this I had a Journal message saying they'd done the calculation and I was indeed under £6k of eligible capital.

bobby1986

yes it was a compensation payment for the car but I haven’t brought a new one as I been too unwell

bobby1986

I’m getting rather anxious about this

bobby1986

I think just because I suffer with anxiety I feel like it’s being personal towards me. Thank you for answering

OverlyAnxious

https://forum.scope.org.uk/discussion/comment/982224#Comment_982224

If it was an insurance payout, those are generally only disregarded for 6 months.

They can be extended in some circumstances but that will be up to a decision maker. How long ago did you receive it?

bobby1986

I received it longer then 6months ago I mean if I had anything to hide I would’ve took it out and said I didn’t have it but just have not got round to purchasing another vehicle now I’m worried it will affect my money as I am not spending it as it’s for a car once I find one suitable

OverlyAnxious

https://forum.scope.org.uk/discussion/comment/982248#Comment_982248

Ok. I understand and hopefully they will allow the extension in this case but they are not under any obligation to do so. If it was more than 12 months then I think they would be unlikely to accept it.

Even in the worst case scenario, there will just be a small amount to repay from the end of the 6 month period and your new UC payments would be reduced by about £90 a month due to the capital deductions.

bobby1986

sorry to sound stupid what do you mean the end of the 6 month period so when I was given back payment 6 months and how do you work out it’s £90 tia sorry

Kimi87

UC is a means tested benefit.

If you have under £6k then no deduction is made.

If you have between £6-£16k a deduction of £4.35 is made for every £250 over £6k.

Once you recieved the insurance money, for 6 months that money is ignored from calculating your UC capital.

After 6 months it is not ignored, and counts when adding up your UC capital.

The above deduction would then apply.

The calculation would be:

£5000 divided by £250, multiplied by £4.35 = £90.

poppy123456

If you have capital that you haven't reported there would also be a small £50 fine on top of any overpayment.

OverlyAnxious

https://forum.scope.org.uk/discussion/comment/982366#Comment_982366

Kim & Poppy have covered amounts above. 🙂

I just wanted to say that you need to be clear on what the payment is for the UC review. It isn't a back payment because it didn't come from underpaid benefits. If it's an insurance payout to cover the cost of a written-off car, then that would usually be disregarded for 6 months. But if it's a personal injury compensation payout, that would usually be disregarded for 12 months.