Universal Credit Savings and deprivation of capital

kingston1506

Sorry for confusion I meant if I reclaim after I’ve gone below 16k will they again add the housing element sorry for confusion 

Rubyroobs

kingston1506 said:

Sorry for confusion I meant if I reclaim after I’ve gone below 16k will they again add the housing element sorry for confusion 

Yes they will. 

itsthelittlethings

One good thing - your PIP wouldn’t stop as that is not means tested so you wouldn’t have to reclaim that.

kingston1506

The pip payment would cover my rent so I would just be paying bills etc then reclaim when savings decrease I am going to have to go through the whole process of declaring savings and them scrutinising every thing I spend money on 

Rubyroobs

kingston1506 said:

The pip payment would cover my rent so I would just be paying bills etc then reclaim when savings decrease I am going to have to go through the whole process of declaring savings and them scrutinising every thing I spend money on 

It might just be easier to give away any excess money to charity if you feel benefits are paying you too much.

Spoonie_Turtle

Rubyroobs said:

kingston1506 said:

The pip payment would cover my rent so I would just be paying bills etc then reclaim when savings decrease I am going to have to go through the whole process of declaring savings and them scrutinising every thing I spend money on 

It might just be easier to give away any excess money to charity if you feel benefits are paying you too much.

For clarity for the OP, excess income, to prevent your savings from accumulating too much.

Spendless

Check it  all out before proceeding but buying a funeral plan never used to be DOC

jojaca

Auti said:

@M25 - I think that is very much against the rules for UC and could be classed as fraud as you are deliberately doing something to get more benefit - you still have access to the physical money.

The beauty of cash, it's very hard to prove whether you have it tucked under your floorboards or if the cash is in the tills of your local Wetherspoons. UC is complex system for the low earning workers, if you work overtime you will lose UC, if you save to certain point you will lose XY. I would like to save for big ticket items like a new kitchen or new car eventually once the current one packs in, but for me there is no point in saving. 

Muttleythefrog

M25 said:

Start taking cash out the bank and hiding it in your house.

You may need it for emergencies.

That's called fraud if it's to hide from benefit calculation of savings... and which obviously we cannot advise.

(Strange you advocate fraud when you've previously complained about me using a legitimate document signed by my GP for benefit related purposes).

kingston1506

can you let me know what uc will likely do as I have not declared savings on a month by month basis I declared them a year ago and they have fluctuated around the same amount but have gone over sometime will they just recalculate the overpayment made?