Are ISAs counted as savings if I am on EESA

philipsaveer · 13 August 2012 at 11:57PM

I know some benefits can be effected if you have savings and I am on EESA which is effected based on the amount of savings. So I was wandering if you have a ISA do they also get limited in the same way reguler savings accounts do or are they except as they are tax free?

Gary1963 · 14 August 2012 at 12:35AM

Yes they are counted as savings.

philipsaveer · 14 August 2012 at 12:43AM

thanks.

Any idea what the limit is? That is the info that seems really hard to find.

mum2one · 14 August 2012 at 12:48AM

If you have over 16k your not entilted to anything, under 6k ok, between 6k and £15,999 then this gets deducted from your benefits, not 100% sure on the rates, but if you go onto the Direct Gov website give you the deductions there. x

Torry_Quine · 14 August 2012 at 12:49AM

Presuming you are on income based ESA. Over £16,000 you get no benefit and between £6,000 and £16,000 there is a sliding scale. Below £6,000 you get the full amount.