Hi, my name is Frank

Frank69
Frank69 Online Community Member Posts: 7 Listener
in Start here and say hello!

I’ve been receiving universal credit for some time and just realised I’ve gon over the £16k savings

My review came up in February and I was suprised that I needed to be under 16k

When I first made my claim I wasn’t

Now I worried that this is considered fraud

So stressed

Any help or advice please

Comments

  • Frank69
    Frank69 Online Community Member Posts: 7 Listener

    sorry I was under 16k when I first made claim

  • Kimi87
    Kimi87 Online Community Member Posts: 4,989 Championing
    edited April 21

    £16k has always been the hard limit (unless migrating from Tax Credits with over £16k, where there is a exemption for one year).

    Under £6k, no deduction.

    £6-15999k: Deduction of 4.35 for every £250 or part thereof.

    £16000+ no entitlement to UC.

    Did you receive any Cost of Living Payments? These are disregarded indefinitely as long as your capital didn't drop below the amount received. So your applicable capital might be under £16k.

  • Frank69
    Frank69 Online Community Member Posts: 7 Listener

    hi there

    Yes I did receive some payments

  • Kimi87
    Kimi87 Online Community Member Posts: 4,989 Championing

    When I had my review I added a Journal note stating that while on paper my bank accounts were over £6k, with the CoL disregard I was under.

    During the telephone interview the agent confirmed my understanding of the disregard, and asked me to upload individual statement pages showing my payments.

    After I did this I had a Journal message stating she'd done the calculation and I was under £6k.

  • Frank69
    Frank69 Online Community Member Posts: 7 Listener

    I’ve sent statements which will show me over £16k for last 3 years

    I’d not let them know this and was continuing to get benefit

    I’m really worried now as to what will happen

  • Frank69
    Frank69 Online Community Member Posts: 7 Listener
  • Frank69
    Frank69 Online Community Member Posts: 7 Listener

    I’m very worried that I will be accused of fraud

  • Passerby
    Passerby Posts: 170 Empowering
    https://forum.scope.org.uk/discussion/comment/1019633#Comment_1019633

    Did they ask you for 3 years bank statements? They normally ask only for 4 months.

  • Frank69
    Frank69 Online Community Member Posts: 7 Listener

    yes atm only 4 months statements

    But one of these shows that I m over the £16k by quite a bit now

    Looking back after realising this is wrong it first happened in 2022 when I wasn’t really checking

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