Savings and Universal Credit - When to let them know?

Rumbler303

Hello,

If my savings are below 6000 and I'm dipping in and out of my savings every now and again, do I need to let DWP know? Or is this only if it's above 6000?

Similarly, I presume I don't need to report every time I dip in above 6000? I guess just be mindful of if it goes over each 250 i.e. 6250 then 6500 etc, to make sure it gets reduced?

Thanks.

OverlyAnxious

If your savings are below £6000, you don't need to tell them.

If your savings are above £6000, then you should check the total on the final day of your assessment period each month. If your savings have moved up or down through another £250 threshold since the last month, then you need to declare it and your payments will be adjusted.

Rumbler303

Thank you.

pereto

just spend some money so it stays below the 6000, id rather spend it on myself than then get a bit less each month.