Over £16,000

life

If I am nearly over £16,000 in savings and my next payment just keeps me under said amount but I also get paid my rent money directly into my account to pay the landlord do I have to report it? It will be over £16,000 because of the rent money. I'm on universal credit.

poppy123456

Benefits you receive for that month are not included in your savings until the end of your next assessment period. However, have you reported your savings of more than £6,000? There's a £4.35/month deduction for every £250 or part there of over that amount.

life

Ok thanks @poppy123456 and yes I reported it when I went over £6,000. Thanks again 👍