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would saving up some money affect my benefits??
Kay.Samuels
Posts: 262 Forumite
I'm not sure on this one.
I receive income support, carer's allowance, CTC, CB, DLA (for my son), and housing benefit.
I am planning on trying to save some money up for a car but my sister said saving up can affect my benefits and she thought I would only be able to save a certain amount before my benefits are stopped. Is she right? and if she is how much am I allowed to save??
It's not like I can save thousands anyway on my income :rotfl::o
but it makes sense to have a little saved up if I can.
I receive income support, carer's allowance, CTC, CB, DLA (for my son), and housing benefit.
I am planning on trying to save some money up for a car but my sister said saving up can affect my benefits and she thought I would only be able to save a certain amount before my benefits are stopped. Is she right? and if she is how much am I allowed to save??
It's not like I can save thousands anyway on my income :rotfl::o
but it makes sense to have a little saved up if I can.
It is only a bargain if you need it!
0
Comments
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savings below £6000 have NO effect on means tested benefits,between 6,000 and 16,000 you lose £1 of benefits for every £250 of savings and over 16,000 means tested benefits stop0
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Thanks that's put my mind at rest, and sorry I am only just replying, couldn't find thread!It is only a bargain if you need it!0
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Kay I find it easy to find threads.
Answer a post on a thread.
When yo see your name in the top left hand corner, just click on it and there is a drop down menu, one of the options being
'find more posts by XXXx' etc.
Hope that helspmake the most of it, we are only here for the weekend.
and we will never, ever return.0
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