UC Income > Capital Calculation

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  • michael57
    michael57 Online Community Member Posts: 1,419 Championing
    https://forum.scope.org.uk/discussion/comment/919558#Comment_919558

    haha 1% loss in 60+years i can live with that

  • OverlyAnxious
    OverlyAnxious Online Community Member Posts: 4,379 Championing
    https://forum.scope.org.uk/discussion/comment/919138#Comment_919138

    I've had different advice on this from two very trustworthy sources so will just have to try it myself and see what happens next.

    I have now seen the page to update savings on UC. Unfortunately it still asks for the exact amount in each bank account on that day. There is nowhere to disregard the COLs. And there is nowhere to disregard the 'income' that has not been spent from the most recent UC payments. So while my earlier calculation was technically correct, it's not actually useful for UC declaration.

    I will put the exact amounts in each account and then remind them that the COLs should be disregarded through a journal message. Hoping that they manually calculate it after that, but also keep the account figures on record so my declaration matches the account figures if they ask for bank statements in future.

  • kingston
    kingston Online Community Member Posts: 44 Connected

    I will have to do this myself next month probably can you let me know if they request bank statements

  • kingston
    kingston Online Community Member Posts: 44 Connected

    hi there just wanted to ask when you go the savings declaration page does it ask you for exact amount in each bank account? They must have changed how to declare as when I declared mine it didn’t ask for amounts in each bank account just an overall amount 🧐

  • OverlyAnxious
    OverlyAnxious Online Community Member Posts: 4,379 Championing
    https://forum.scope.org.uk/discussion/comment/920728#Comment_920728

    Hi, yes it first asked for the exact amount in the main current account where UC is paid. Then asked about the exact amount in any other current accounts and savings accounts separately on following pages, including part of the account number on each one. That is the same as it was when I started my UC claim a few months ago. It may have been different in the past.

    So far it has just been automatically deducted from my next statement amount, no-one has manually disregarded any of it and I haven't been asked for bank statements. Honestly, I'm not really up for the 'fight' with it, so will probably just leave it. But obviously it's not really correct and I don't want to advise you to do the same.

  • kingston
    kingston Online Community Member Posts: 44 Connected

    ok thanks for info 😊

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