UC Monthly Assessment & PayPal

TimeLord1

HillStreetBlues said:

TimeLord1 said:

born_again said:

HillStreetBlues said:

WelshPaul said:

You need to declare it.

https://www.gov.uk/guidance/universal-credit-money-savings-and-investments#what-we-take-into-account

What we take into account

When we assess your entitlement to Universal Credit, we take into account as ‘capital’ the value of all money, savings and investments you own, or you jointly own with someone else. 

The amount of money, savings and investments you (and your partner) have can affect:

• whether you’re eligible for Universal Credit
• how much Universal Credit you receive

All money, savings and investments you have in the UK and abroad are taken into account, including:

• cash
• money in your bank account, including your main bank account
• current accounts and digital-only accounts such as PayPal
• savings accounts: bank, building society, credit union, Help to Save, Post Office and National Savings and Investments (NS&I) accounts
• savings for children in your name
• money that belongs to someone else, but is in your name
• savings for essential building work (unless from a grant or loan)
• savings for medical care
• Individual Savings Accounts (ISAs): cash, stocks and shares, Innovative Finance, Help to Buy, and Lifetime ISAs
• Premium Bonds, dividends, stocks and shares
• cryptoassets
• property you own but do not live in yourself (apart from in certain circumstances)
• property, land and savings abroad
• inheritance payments
• business accounts and assets for businesses that closed over 6 months ago
• money in trust funds, apart from in certain circumstances
• unspent benefits, for example Child Benefit, Personal Independence Payment (PIP) and Disability Living Allowance (DLA)
• unspent income

We do not take your debt into account when we work out your total money, savings and investments.

You have to be careful trusting websites, even Government ones and sadly that is one wrong is in a few places.

The issue is that some people would hold a balance in their PayPal account, thus making it look like they have less funds than they actually have.

On a review of our claim. I had to produce a statement from PP account showing usage over 4 months. Like OP (& as I told DWP) I only have the account to pay for purchases when retailer allows that method of payment.

But if it's unused it would not show nothing and not issue a summary because it doesn't detect transactions or balance.

You can sort between two dates, and if not used will state We couldn't find any transactions

Exactly I had to do this process a few years ago for a scam payment but hadn't used it in the requested time so it couldn't find or produce no information so pointless really. So I think I did a screenshot of the account.

TimeLord1

@HillStreetBlues that took ages to find I'm certain in PayPal if old it was a lot easier to navigate.