JSA with savings

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How much is JSA per week (over 25 year old)

How much is JSA per week if you have savings over £6000 but under £16000?

dmg24

A please is always nice?

A search on www.direct.gov.uk will give you the answers that you need.

ih8stress

I believe it it something along the lines of every £250 over £6,000 is classed as you having £1 worth of 'income' per week.

Therefore if you had £7,000 (ie. £1,000 over the £6,000 limit) you would be classed as having £4 worth of income and this would be deducted from the JSA (weekly basis).

Perhaps others would clarify the position better

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Much obliged to you ih8stress. I could not find that info on direct.gov but I have confirmed it elsewhere.

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What happens when you have
£6,100 ?
£6001 ?

What happens when you have spent that £100 or £1 ?

Rabiddog_2

Its re-assessed on a weekly Basis. If you fail to inform the STATE of any change in your circumstances you WILL be banged up and/or fined and/or have your bens taken away...
every £250 over £6,000

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Rabiddog wrote: »

Its re-assessed on a weekly Basis. If you fail to inform the STATE of any change in your circumstances you WILL be banged up and/or fined and/or have your bens taken away...
every £250 over £6,000

Yes but hopefully you can see the confusion,

Is it every whole £250 over 6,000 or
every part 250 over 6,000 ?

Therefore what is the case if you have 6001 ?

:It's reassessed on a weekly basis" How is it reassessed? Presumbly you have declare when you have spent the amount over 6000 in order to get the reduction removed.