Any new assumed weekly income now with lower savings rates

chickmug

Re benefits and the title says it all.

healy

No there is not and I have not heard of any plans for things to change either.

bunny999

It is not based on interest rates.

chickmug

bunny999 wrote: »

It is not based on interest rates.

So what - I wonder - is it based on?

krisskross

As a couple, although we claim no means tested benefits, we are losing about £40 a week in lost interest. this sort of sum makes a lot of difference to our income as pensioners.

I am waiting for the banks to send us a bill for looking after our money. Seems to be the next logical step.

[Deleted User]

chickmug wrote: »

Re benefits and the title says it all.

the capital limits for means tested benefits will remain at 6k-16k for 2009/2010

sammyjammy

It is not about assumed income, you are referring to tariff income in income-related benefits. This is not, and never has been, an assumed income from savings. It reflects the idea that if you have savings, you should use some of them to support yourself in times of need – after all, that's what savings are for. If we don't accept this, then effectively taxpayers, many of whom are not exactly well-off, are simply subsidising inheritances for the better-off. Once savings get down to a reasonable level, then there is no longer any reduction in benefit.

chickmug

sammyjammy wrote: »

It is not about assumed income.

This being the case why do the benefits calculators use the term. I used the term in my title because I saw it on 'entitled to'

"Assumed weekly income from savings"

real1314

chickmug wrote: »

This being the case why do the benefits calculators use the term. I used the term in my title because I saw it on 'entitled to'

"Assumed weekly income from savings"

You should ask "entitled to" that question.

DWP (and HB/CTB) officially use the term "tariff income". But it doesn't matter what you call it, it's still £1 per week per £250 over the minimum limit (or £1 per week per £500 for Pension Credit)

chickmug

real1314 wrote: »

You should ask "entitled to" that question.

DWP (and HB/CTB) officially use the term "tariff income". But it doesn't matter what you call it, it's still £1 per week per £250 over the minimum limit (or £1 per week per £500 for Pension Credit)

I am not that interested I wish to raise it with 'entitled to'. I used the term as I came across it when trying to help a neighbour and to me it was the best term to use - not being in the know.