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    • SNRussell
    • By SNRussell 10th Jul 17, 9:35 PM
    • 9Posts
    • 2Thanks
    Savings and benefits
    • #1
    • 10th Jul 17, 9:35 PM
    Savings and benefits 10th Jul 17 at 9:35 PM

    Just a quick question - with regards to benefits and savings do they only regard the amount in savings account or also in banks? For example, I have ~£5500 in savings (HtB, LISA and regular savers account) but I'm currently -£1500 in my overdraft (student so it's free and a deliberate choice) so would they class me as having £5500 in savings or £4000?

    I also regularly save into all 3 accounts so I imagine I will hit £6000 either in the next 3 or 4 months (if £5500) or within the next year or two (if £4000) - do I have to inform them of when I hit this amount or do they have some way of just knowing?
Page 1
    • Alice Holt
    • By Alice Holt 10th Jul 17, 10:07 PM
    • 1,767 Posts
    • 1,978 Thanks
    Alice Holt
    • #2
    • 10th Jul 17, 10:07 PM
    • #2
    • 10th Jul 17, 10:07 PM
    1) £5500

    2) Yes you need to notify when you have £6k
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