Universal credit and savings

sophie2002
sophie2002 Online Community Member Posts: 150 Contributor
in Universal Credit (UC)

Hi again you lovely people , am I been dumb 22 year old here ,not the best at maths ,my ap is 1st to 31st I get paid uc on the 7th only uc not wages as i dont work ,so I add my uc amount to my savings and what was left month before unspent eg

31st January i have:100 left in bank so I add this to my savings =3100+100=3200

Then add 727 universal credit =3727 for everything ,am i doing this right please if not can anyone help again x

Comments

  • OverlyAnxious
    OverlyAnxious Online Community Member Posts: 4,619 Championing

    No, do not add the £727 UC payment.

    If you have £3100 in savings, and £100 in current account, on the 31st, that is £3200.

  • sophie2002
    sophie2002 Online Community Member Posts: 150 Contributor

    Is it the same for every month like start a fresh whatever I have left in bank add that to what I have in savings on the 31st of every month like when you get a new bank statement from bank it will add previous months left over and at end show you what is left am I correct xx

  • OverlyAnxious
    OverlyAnxious Online Community Member Posts: 4,619 Championing
    https://forum.scope.org.uk/discussion/comment/1025655#Comment_1025655

    Yes, only add what you have in both accounts on 31st each month.

    If you have online banking, it is easier to look at the balance on the day, instead of trying to work it out from bank statements.

  • sophie2002
    sophie2002 Online Community Member Posts: 150 Contributor

    Thank-you so much when I reussted my 4 month bank statements I did 2 options the one with everything on like opening balance closing balance like the official ones and then did another that went from 1st of January all way to end of April which ones do I need to send do you know xx

  • Kimi87
    Kimi87 Online Community Member Posts: 5,910 Championing

    UC want official statements, so documents that have your name & address on as well as opening & closing balances.

  • sophie2002
    sophie2002 Online Community Member Posts: 150 Contributor

    OK thank-you I will make sure I send the correct ones x

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