Income Support form/child savings

fireengine

I am filling in an Income Support form and want to know if I should be declaring the £5 a week that my child's grandfather pays through standing order directly into child's own bank account. I think of it as belonging to my child, not me, so need not be declared. But am I right?

Thanks for any advice on this - these forms always send me into a state.

missmontana

If you have access to the bank account then yes, you do need to declare it, you can have up to £6000 before it will affect your claim, for anything between £6000 and £16,000 £1 is taken off your personal allowance (PA) for every £250 over the £6000.

Declare it just to be on the safe side!

fireengine

Thanks for your response missmontana! It is in child's own name and I do not have personal access to it. It's not lots of money but is a regular £5 a week ( its used as pocket money).

Mum2twins98

fireengine wrote: »

I am filling in an Income Support form and want to know if I should be declaring the £5 a week that my child's grandfather pays through standing order directly into child's own bank account. I think of it as belonging to my child, not me, so need not be declared. But am I right?

Thanks for any advice on this - these forms always send me into a state.

From my experience my daughter has had a savings policy since she was 2 and when i was on income support they said i should declare when it reaches a certain amount now sure how much it was though as i no longer receive IS but i would tell them better safe than sorry

fireengine

Thanks mum2twins. I know I must declare if child's savings are over £2,500 (they are not), so your info is useful.

tazwhoever

Children are allowed less than £3000, without affecting your IS.