Will my savings affect Housing benefit & Council Tax benefit

Gollum

I understand having read alwaysonthego's thread (thanks for all your hard work) that if you have over £ 16,000 you won't get anything and You can have up to £6000 in savings and capital before HB/CTB is reduced by £1 for every £250 or part of above that amount.

But a friend tells me that any savings between £3,000 - £6,000 is also taken as income and they reduce the benefit. Can anyone confirm this for me please and if it's true tell me by how much it is reduced please.
Thanks

alwaysonthego_2

No they are wrong any income under £6000 is disregarded, hth

bengal-stripe

The lower limit used to be £3,000, but this was raised to £6,000 maybe two or three years ago.

I presume, your friend still has that old limit in mind.

real1314

bengal-stripe wrote: »

The lower limit used to be £3,000, but this was raised to £6,000 maybe two or three years ago.

I presume, your friend still has that old limit in mind.

It wnet up in April 2006:- http://www.cpag.org.uk/cro/wrb/wrb191/capital.htm

Gollum

Many Thanks for all your help, gratefully appreciated.