Savings threshold

Stickman

Hi

Just a quick question, Has the lower tier of savings - £6000 been scrapped?. Is it just over £10,000 now?

Stickman

OK, thanks.

poppy123456

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

Ross_Alumni

I hope the above information has been helpful @Stickman