Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Restriction on savings if claiming benefits
mowerman2
Posts: 18
Forumite
See last sentence on the link below.
I have over £16K in savings and also claim Disability Living Allowance. and have done for many years.
Does DLA count as a benefit and does this rule apply to me.
Does DLA count as a benefit and does this rule apply to me.
Thanks
0
Comments
-
"If you have any savings over £16,000, you won't be eligible for benefits" is to what you refer and this is not true. It effectively only applies to means tested benefits and DLA (and its successor PIP) is not such a benefit. You can claim DLA benefit with any level of savings and indeed a former Prime Minister used to get it for his son.mowerman2 said:See last sentence on the link below.I have over £16K in savings and also claim Disability Living Allowance. and have done for many years.
Does DLA count as a benefit and does this rule apply to me.Thanks
Sadly like a lot of tabloid type articles on benefits they evoke sensationalism and lose accuracy - this is a good example judging by the headline and final line. It ends up causing unnecessary concern for people like you.
Do you claim any other benefits?
(Savings of over £16k would normally preclude payments of Universal Credit and other means tested benefits)"Do not attribute to conspiracy what can adequately be explained by incompetence" - rogerblack1 -
Thanks Muttleythefrog I really am most grateful and it's put my mind at rest.As you rightly say it was a 'sensational' article increasing common on yahoo news2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards