We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
benefits and savings
jabby999
Posts: 1 Newbie
hi it doesnt apply to me but have always been curious what the answer is. Say someone has a good job and has a credit card that has a £10,000 limit then loses said job and goes on benefits, somewhere down the line whilst on benefits he withdraws the £10,000 out of the cedit card in cash would that be classified as savings??????? ie when he is renewing his claim and it asks how much savings he has does he have to put £10,000?my thoughts are that it aint his money in the first place so cant be savings.
0
Comments
-
If the person has money in her account, then that counts as savings. The fact that the money was borrowed is irrelevant.0
-
What benefits does savings affect?Have a Bsc Hons open degree from the Open University 2015 :j:D:eek::T0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards