Back payments and savings

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Ads96
Ads96 Online Community Member Posts: 3 Listener
in PIP, DLA, ADP and AA

Hi, my pip claim was reviewed and increased in 2024 resulting in a back payment.

After a reconsideration, it was increased again a few weeks ago resulting in a second payment. Together the two add to more than 5000.

Am I correct that this needs to be spent within one year to abide by Universal Credit rules?

And if it is exempt for longer, the new award letter would probably say this explicitly?

Thank you

Comments

  • Kimi87
    Kimi87 Online Community Member Posts: 6,248 Championing

    Yes, the disregard from calculation of your capital (UC) lasts one year.

    After that year, if you have over £6k in capital you must report this to UC.

    Your award will be reduced by £4.35 for every £250.

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