Savings while on Benefits

Voyager2002

alisonnpaul wrote: »

ow tyvm guys i wasn't aware the amount was so low
i'm kind of stuck in limbo land with the wifes condition
So in short i'm not able to save any of my benefits without giving it back to the government unless i'm working full time and not claiming benefits
I'm sure we can increase our budget with an animal charity

Is this a troll post?


As explained above, you do need to declare your savings and return any over-payments (and giving away the money now would not make any difference).

If you choose to save then some of your benefits are reduced, others not affected (as explained above). And of course you can save money in a pension (again explained above) without affecting any of your benefits.

Westie983

Im going to move this over to the benefits board where I feel it will get more replies and suitable information for you.

Westie983

poppy12345

in_my_wellies wrote: »

Could you and your wife save £6000 each? I'm not an expert but someone will be along soon to say for certain

No. It's a joint claim so it's £6,000 per couple when you're benefits start to become affected.

poppy12345

alisonnpaul wrote: »

A while back i was made redundant
the unemploment office suggested i was to live on my redundancy till it was gone until i was broke then they would support me. (done)
i'm now a unemployed carer for the wife
this is a controversial part but jointly my wife and i get :-
99% housing benefit
66% council tax benefit
joint income support
carers allowance for myself
personal independence payment (carers component)
....

When were you made redundant and when did you start claiming Income Support as a couple?