Savings whilst on Income Support/Disability living allowance

rb6k

Does anybody know what the limit on savings is before it begins to effect your Income Support and Disability living allowances?

greenface

http://forums.moneysavingexpert.com/forumdisplay.html?f=139

there are a few clever folk on this group than can help you with figures
good luck

ad44downey

There is no savings limit for DLA, you could be a millionaire. Income Support is different.

dag_2

Yeah, income support is means-tested. My understanding is that for a working-age person, it used to be £3000, but it has recently been upped to £6000. Savings that your partner has will also affect your benefit, and the amounts are different for older people.

These figures are not set in stone for all time, though. As with any other figures relating to tax and benefits, they can change in any annual budget. I guess they're very unlikely to change half way through the year, though. If it does change half way through the year, then the media will probably make lots and lots of noise about it, like they did with the 10% tax thing. Point is, you should get into the habit of checking the figures at least once a year, and not assume that they're going to stay the same from one year to the next.