Savings Threshold

Stickman

I can't remember if I've asked about this or not. Is the savings threshold of £6000 out of date? I thought I saw somewhere on here that that £6000 figure is going by 2007 rates? Am I right?

Kimi87

It's still £6k.

Aa far as I know no changes have been made to that figure for quite some time.

Stickman

Shocking.

66Mustang

@Stickman

A problem is people with benefits who have a few thousand pounds is such a niche area that there aren't many people to defend that group, and the public/government listen to big groups

On one hand there are the stereotypical Daily Mail readers who oppose people claiming benefits of any kind, full stop

On the other hand many who are on benefits or who do understand the need to claim are struggling financially to save anything at all, or even are in debt…and so think people who can save £6,000 are wealthy enough and shouldn't claim any help

The fact that lots of necessary expenditure, such as disability equipment or healthcare, costs well over £6,000 seems irrelevant 🙁

Stickman

As I said, shocking.