Universal credit and large lump sum
Hi, I am waiting for confirmation of final amount but am expecting a lump sum payment that could be £15,000-£20,000 which would take me over the £16,000 threshold to claim universal credit which I am already on.
Most of the money will be used to clear debts which I know is allowed under UC rules. If I report the lump sum but on the same day clear debts which would bring me under the £16,000 threshold, will my claim be automatically closed and passed to a decision maker to review and reopen? Or does it go on the amount in savings at the end of the day?
I’m concerned as I know there isn’t a timescale for the decision and if I’ve paid the money out onto debts I’m going to end up back in debt while UC make the decision.
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