Can I claim UC - furloughed but savings with Conveyancer

MickeyD_2

Hi all,

I have recently been made furloughed by my employer, and will be receiving 80% of my income for the foreseeable.

I am also in the middle of purchasing a property. I have £20k worth of savings in a Lifetime ISA that has been transferred to my Conveyancer as part of the deposit for the property. As such, I am now not able to access these funds without them going back to the Lifetime ISA provider (who has already closed the account).

In terms of this, I have no further savings, so would I be able to claim the difference in pay (around £400/month net) through the UC scheme?

Many thanks in advance

calcotti

MickeyD_2 said:... would I be able to claim the difference in pay (around £400/month net) through the UC scheme?

I think you could probably make a case for the savings to be disregarded if you are contractually committed to your future house purchase.

However UC doesn't work like that. It doesn't match your pre existing pay. You have a maximum allowance and this is then reduced by 63% of your earnings received. Whether you have any UC entitlement therefore depends on your circumstances and income. There are online calculators to help you assess entitlement  https://www.gov.uk/benefits-calculators