tax credits and savings

caroleak123

does anyone know whenthe benefits change in 2013 is there going to be a saving limit you can have to still get childs tax credits i know at the moment they don.t count any savings



thanks

Icequeen99

Child tax credit is being abolished and replaced by Universal Credit which will have a capital limit of £16,000.

IQ

caroleak123

does that mean that double the money will be stopped from my tax credit and my jsa when it changes to universal credit or just once

Shiloe

JSA, Child tax credits and Working tax credits [to name just a few] will all be abolished and 'replaced' with universal credit its one claim for all aspects of someones circumstances basically

cosmic-dust

caroleak123 wrote: »

does that mean that double the money will be stopped from my tax credit and my jsa when it changes to universal credit or just once

http://www.disabilityalliance.org/welfarereformbill.htm
Might be worth a read.

embob74

cosmic-dust wrote: »

http://www.disabilityalliance.org/welfarereformbill.htm
Might be worth a read.

Not exactly easy reading is it? lol
I'm not sure if I'm reading the last paragraph of part 2 correctly but I'm interpreting it as drug users won't have to commit to the same requirements placed on others?
And the paragraph before that mentions the introduction of "entitlement to work" as a condition to be eligible for maternity pay. Surely you only get maternity pay if you have worked?

I thought I liked the idea of the Universal Credit in that it shows people to be better off in work but the reality of bundling all benefits into one pot is a bit mind boggling.

caroleak123

so does that mean than all my saving will be counted

rogerblack

All of your savings will be counted under universal credit.
(apart from some exclusions, like money from personal injury claims probably)