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What is classed as Savings
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lastordersplease
Posts: 5 Forumite
Theoretical Question. If you had savings of £40000 which would exclude you from Claiming Universal Credit could you, in theory, purchase 100 gold sovereigns worth £400 each but with a face value of £1 thus reducing your savings to £100
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Sorry wrong forum, will re-post in UC0
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No you cant. those would be assets.
I mean you could try to hide it, but someone's going to notice 40k going missing overnight. and then you get done for fraud.0
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