LCWRA and savings

Options
tristan100
tristan100 Online Community Member Posts: 20 Listener
edited July 3 in Universal Credit (UC)

I know my universal credit would drop for savings over £6000

But would my LCWRA drop too

Regards Tristan

Tagged:

Comments

  • chiarieds
    chiarieds Online Community Member Posts: 17,142 Championing

    Hi @tristan100 - LCWRA is just an element or part of UC, so if you have savings of £6000 or more, then your UC payments would be reduced by £4.35 for every £250 (or a remaining part of £250) that you have between £6,000 and £16,000. 

  • tristan100
    tristan100 Online Community Member Posts: 20 Listener

    let’s say in principle if I had £17000,I know I would lose all of my UC,but would my LCWRA also go down or lose it?

  • Ranald
    Ranald Online Community Member Posts: 2,063 Championing

    As was explained above, Tristan, the LCWRA is an element of UC. It isn't a separate payment.

  • OverlyAnxious
    OverlyAnxious Online Community Member Posts: 4,811 Championing

    Deductions are made from UC as a whole.

    If you have £17,000, you would lose all of the UC, including LCWRA and the Housing Element.

    If part of the £17,000 came from benefits backpay, then it can be disregarded, and you would keep the UC.