Universal Credit Disregard

atlantis187

Does someone being forced over to UC from Tax Credits under managed migration who has a second property not living in be entitled to transitional protection for a year?
If Savings of around £7000 which includes about £1850 cost of living payments will this be disregarded?

Can managed migration people send someone over to your house to help with the forms instead of over the phone due to health problems

I think I have asked this before but cant remember the answer or thread. 

HillStreetBlues

Is there equity is the second property? As long as you have kept the £1850 the CoL payments are disregarded.
Can't help with your other question.

huckster

You can phone UC helpline and ask for Home Visiting Officer to attend your home, but they are likely to question why you need this. May delay your claim being processed. 

atlantis187

HillStreetBlues said:

Is there equity is the second property? As long as you have kept the £1850 the CoL payments are disregarded.
Can't help with your other question.

Yes there is equity in the second property. Will it be disregarded for 12 months

poppy12345

Citizens Advice have a help to claim helpline. https://www.citizensadvice.org.uk/about-us/contact-us/contact-us/help-to-claim/

atlantis187 said:

HillStreetBlues said:

Is there equity is the second property? As long as you have kept the £1850 the CoL payments are disregarded.
Can't help with your other question.

Yes there is equity in the second property. Will it be disregarded for 12 months

Yes it will be If it's more than £16,000 but you need to make sure you report it for it to be disregarded. 

HillStreetBlues

atlantis187 said:

HillStreetBlues said:

Is there equity is the second property? As long as you have kept the £1850 the CoL payments are disregarded.
Can't help with your other question.

Yes there is equity in the second property. Will it be disregarded for 12 months

Yes as equity= capital. the equity will be added to the £5,150 (as long as you kept the CoL payments.

atlantis187

HillStreetBlues said:

atlantis187 said:

HillStreetBlues said:

Is there equity is the second property? As long as you have kept the £1850 the CoL payments are disregarded.
Can't help with your other question.

Yes there is equity in the second property. Will it be disregarded for 12 months

Yes as equity= capital. the equity will be added to the £5,150 (as long as you kept the CoL payments.

What do u mean its added the the £5,150? do they join the savings and property capital together and give a total balance?

Also if the savings drop below £6k for a couple of months then go above £6 again is the COL still disregarded? 

NedS

There is no differentiation between your capital. The capital value in the second property is combined with any cash savings you may have to give your total amount of capital. If this total capital value is over £16k, the amount over £16k is disregarded for 12 months, at which point entitlement to UC would end (assuming you still have capital over £16k)

The disregard of £1850 CoL payments is a moot point if there is significantly more than £16k of capital in total.

Rubyroobs

You will have tarriff income deductions on anything above 6k and 16k. 

peteuk

atlantis187 said:

Does someone being forced over to UC from Tax Credits under managed migration who has a second property not living in be entitled to transitional protection for a year?
If Savings of around £7000 which includes about £1850 cost of living payments will this be disregarded?

Can managed migration people send someone over to your house to help with the forms instead of over the phone due to health problems

I think I have asked this before but cant remember the answer or thread. 

Firstly you are not being forced over to UC - you have a choice. To claim it or not to claim it.  The reason why TC is being stopped is because of its simplicity to claim when you have capital. 

If it is obvious you have capital over £16K so therefore you will have a years transition protection, after which if you still have over £16K you will no longer be entitled to UC. 

You will have to declare your capital which will be as follows. 

£7000 (savings) + Equity of second property - COL = Total Capital 

I would note that you have to show youve not spent the COL so if your savings have dipped below £1850 then you can disregard the full amount. 

When you claim UC - there will be a reduction in payment of £4.35 for every £250 or part over there in, over £6K you have in capital.   If it was just the £7K -COL then you would declare £7K with the £1850 disregard.  So less than £6K.  But when you add in the equity of the property, if you have over £16K then the reduction is then will be for the whole £10K at £4.35 per £250 (£174)  

Spoonie_Turtle

Rubyroobs said:

You will have tarriff income deductions on anything between 6k and 16k. 

Though as far as I understand the transitional element is supposed to account for that (unless their UC would be above the legacy benefit amount even with the deduction).