Why are UC asking for my bank, premium bonds , PayPal statements !!!

tls123

They shouldn’t have needed to ask about other savings you should be automatically declaring them when you claimed universal credit your declaration at the start confirms the amount you declare you hold and you are asked to report changes to this. Yes it might be inconvenient  to you now but you should have been transparent from the claim.  

HillStreetBlues

tls123 said:

They shouldn’t have needed to ask about other savings you should be automatically declaring them when you claimed universal credit your declaration at the start confirms the amount you declare you hold and you are asked to report changes to this. Yes it might be inconvenient  to you now but you should have been transparent from the claim.  

Totally rubbish.
With UC you only have to declare capital over £6k  as then and only then benefit is reduced. What they might want you to do is different to what you legally have to do.

Muttleythefrog

tls123 said:

They shouldn’t have needed to ask about other savings you should be automatically declaring them when you claimed universal credit your declaration at the start confirms the amount you declare you hold and you are asked to report changes to this. Yes it might be inconvenient  to you now but you should have been transparent from the claim.  

Nah.... you only need to declare capital when they ask for it or if it changes to affect claim. Otherwise you'd be reporting change every month if not every day. If someone has less than £6k total savings they are not going to tell UC their initially declared savings total of £3000 has dropped to £2950.

I think the 'report any changes' is where confusion sets in and inconsistent responses when people ask the front line staff doesn't help. I confirmed when we had our 'random' check to see if our payments were correct if there was any need to continually give updated savings figures below £6k and they said not. They also said there was no need to update them on where 'savings' are held unless it is regarding the intended account for receiving UC payments.

These checks are being carried out to check identity and indeed whether savings declared is or has been materially different to that declared... or if there has been suspicious transactions (that may imply hiding or giving away money for example).

born_again

tls123 said:

They shouldn’t have needed to ask about other savings you should be automatically declaring them when you claimed universal credit your declaration at the start confirms the amount you declare you hold and you are asked to report changes to this. Yes it might be inconvenient  to you now but you should have been transparent from the claim.  

Except that they make no mention of Premium bonds or PayPal when you apply.
I can go with premium bonds being savings, but many will never twig on that. paypal many only ever use for buying goods & have no funds stored.

Both easily forgotten about in all the other stuff required when applying.