Receiving a £1000 gift.

dolmenman
dolmenman Community Member Posts: 27 Connected
in Universal Credit (UC)

Quick question:- I'm on UC and am due to receive £1000 gift from my father, which I intend to lodge to a web savers account. It will bring my total capital to around £5000. Do I need to declare it to UC via my journal?

Thanks in advance

Comments

  • SheffieldMan1976
    SheffieldMan1976 Posts: 3,732 Connected

    Only if it takes your savings over £16K, otherwise they won't care.

    Although having said that, you probably should declare it in case anyone says anything.

  • Kimi87
    Kimi87 Community Member Posts: 8,985 Championing

    They aren't interested in capital under £6k.

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