Over £16,000

life
Online Community Member Posts: 526 Empowering
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.
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Comments
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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.
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Ok thanks @poppy123456 and yes I reported it when I went over £6,000. Thanks again 👍0
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