Savings Threshold

Stickman
Stickman Online Community Member Posts: 213 Empowering
in Work

I can't remember if I've asked about this or not. Is the savings threshold of £6000 out of date? I thought I saw somewhere on here that that £6000 figure is going by 2007 rates? Am I right?

Comments

  • Kimi87
    Kimi87 Online Community Member Posts: 6,534 Championing

    It's still £6k.

    Aa far as I know no changes have been made to that figure for quite some time.

  • Stickman
    Stickman Online Community Member Posts: 213 Empowering

    Shocking.

  • 66Mustang
    66Mustang Online Community Member Posts: 15,111 Championing
    edited August 18

    @Stickman

    A problem is people with benefits who have a few thousand pounds is such a niche area that there aren't many people to defend that group, and the public/government listen to big groups

    On one hand there are the stereotypical Daily Mail readers who oppose people claiming benefits of any kind, full stop

    On the other hand many who are on benefits or who do understand the need to claim are struggling financially to save anything at all, or even are in debt…and so think people who can save £6,000 are wealthy enough and shouldn't claim any help

    The fact that lots of necessary expenditure, such as disability equipment or healthcare, costs well over £6,000 seems irrelevant 🙁

  • Stickman
    Stickman Online Community Member Posts: 213 Empowering

    As I said, shocking.

  • Ranald
    Ranald Online Community Member Posts: 2,803 Championing
    edited August 18
    https://forum.scope.org.uk/discussion/comment/1059956#Comment_1059956

    Are those with more than 6 grand in the bank really needing full state support? The raising of that figure would prove very unpopular with the general public i think.

    File that alongside abolition of the House of Lords! ( I may be talking rubbish, definitely not for the first time).

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