Question about ESA over 6k savings

pepper77_2

TELLIT01 wrote: »

That was my thought exactly. Anything you don't need for day to day living from your benefits should be used to clear debts, particularly credit card/store cards as the interest will quickly mount up.
Ignore the idiots who claim you are stealing benefit as you categorically are not doing so.

Just out of interest why do you think the DWP have a system for reducing benefits due to the level of savings?

[Deleted User]

Whilst we are not here to discuss the rights and wrongs of the system I would say that its some time now since limits were increased from £3000 to £6000, maybe time they were looked at again, after all why shouldn't the less well off be allowed to save a little?

[Deleted User]

Its late but I would ask that posters play nice and don't get into a slanging match I don't want to end up closing a thread that answers a valid question.
Thank you

slavetothetaxman

What does the ESA class as savings? Does this apply to current accounts where money is paid in and bills payed out?

Alice_Holt

slavetothetaxman wrote: »

What does the ESA class as savings? Does this apply to current accounts?

Yes.

https://www.entitledto.co.uk/help/savings

This is an old thread - if you intend to ask further questions, please start you own thread.

calcotti

slavetothetaxman wrote: »

What does the ESA class as savings? Does this apply to current accounts where money is paid in and bills payed out?

Money in current account is included as capital less an amount for regular expenditure. So if you receive money fortnightly any money left at the end of the fortnight is effectively capital.