Hi, I'm Logies! Haven't told DWP I have savings, will I be done for fraud?

Logies
Logies Community Member Posts: 1 Listener
edited June 12 in Benefits and income

I get pension credit, but I didn’t let DWP know I had more savings in bank accounts than I should have, will I be done for fraud?

Comments

  • OverlyAnxious
    OverlyAnxious Community Member Posts: 6,144 Championing

    No. If you've got more than £10,000 in capital, you will just have to pay some money back. The deduction should have been £1 per week for every £500 you have above £10,000.

  • Rosie_Scope
    Rosie_Scope Posts: 8,699 Online Community Team

    Hi @Logies, welcome to the community, hope you're doing well today ☺️

    Lots of people make honest mistakes, so it's really unlikely you'd be prosecuted for fraud. How long have you been claiming pension credit with your savings above the limits?

    As OverlyAnxious mentioned, you may have to pay some money back if they find you've been overpaid. It's a good idea to get in touch with them and explain as soon as possible so they can get things sorted for you.

  • jonf
    jonf Community Member Posts: 443 Pioneering

    Maybe hide just a little under the floorboards as big brother is always watching.

  • SheffieldMan1976
    SheffieldMan1976 Posts: 2,342 Connected
    https://forum.scope.org.uk/discussion/comment/1131624#Comment_1131624

    Not a good idea that mate.

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