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Savings threshold
Stickman
Member Posts: 88 Pioneering
Hi
Just a quick question, Has the lower tier of savings - £6000 been scrapped?. Is it just over £10,000 now?
Comments
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No its still £6,000 once you get near that you must inform the DWP. The higher limit is £16,000 still as well.Be extra nice to new members.
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OK, thanks.
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Hi,The £10,000 is for those claiming pension credit and there's no upper limit, there's a deduction for every £500 over that amount. https://www.moneyadviceservice.org.uk/en/articles/how-do-savings-and-lump-sum-pay-outs-affect-benefits
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