Bank balance & UC

MiddleChild

I'm worrying that because UC is paid monthly it might send my balance over £6000. I don't know how much I'm going to get yet but I'm used to fortnightly payments not monthly. I've worked it out based on if I get the same as ESA but obviously 4 weeks worth. Do I have to tell them if it goes over? Thanks

HillStreetBlues

Only at the end of your Assessment Period, during it  the money paid is income, it only becomes capital in your next AP if unspent.

Spoonie_Turtle

Your most recent UC payment each month doesn't count.

At the end of your assessment period, your savings total is your overall total minus income - including benefits payments - you've received during that assessment period.  (Then minus any disregarded capital such as unspent Cost of Living payments.)

elle_may

Spoonie_Turtle said:

Your most recent UC payment each month doesn't count.

At the end of your assessment period, your savings total is your overall total minus income - including benefits payments - you've received during that assessment period.  (Then minus any disregarded capital such as unspent Cost of Living payments.)

Is pip money disregarded at end of  every assessment. Do we take of col payments every  month. First uc payment this week and i just told them what was in  current account. and savings.  As over £6000 i knew they would take off for every £250 over but if i can get it down for next assessment period. Can't understand what i can take off and when. Would appreciate some advice.

poppy12345

elle_may said:

Spoonie_Turtle said:

Your most recent UC payment each month doesn't count.

At the end of your assessment period, your savings total is your overall total minus income - including benefits payments - you've received during that assessment period.  (Then minus any disregarded capital such as unspent Cost of Living payments.)

Is pip money disregarded at end of  every assessment. Do we take of col payments every  month. First uc payment this week and i just told them what was in  current account. and savings.  As over £6000 i knew they would take off for every £250 over but if i can get it down for next assessment period. Can't understand what i can take off and when. Would appreciate some advice.

Your most rent PIP payment isn't capital until the end of the following UC assessment period after you received it. Whilst PIP isn't means tested, any money that's unspent becomes capital. 

The CoL payments are disregarded indefinitely providing your total capital has never dropped below the total amount of CoL payments you received. 

elle_may

poppy12345 said:

elle_may said:

Spoonie_Turtle said:

Your most recent UC payment each month doesn't count.

At the end of your assessment period, your savings total is your overall total minus income - including benefits payments - you've received during that assessment period.  (Then minus any disregarded capital such as unspent Cost of Living payments.)

Is pip money disregarded at end of  every assessment. Do we take of col payments every  month. First uc payment this week and i just told them what was in  current account. and savings.  As over £6000 i knew they would take off for every £250 over but if i can get it down for next assessment period. Can't understand what i can take off and when. Would appreciate some advice.

Your most rent PIP payment isn't capital until the end of the following UC assessment period after you received it. Whilst PIP isn't means tested, any money that's unspent becomes capital. 

The CoL payments are disregarded indefinitely providing your total capital has never dropped below the total amount of CoL payments you received. 

Sorry to ask, as his part of  income is now contribution on the new style ESA is this still counted as capital on his income related UC. Hope to get a grip on all of this soon.  

Spoonie_Turtle

elle_may said:

poppy12345 said:

elle_may said:

Spoonie_Turtle said:

Your most recent UC payment each month doesn't count.

At the end of your assessment period, your savings total is your overall total minus income - including benefits payments - you've received during that assessment period.  (Then minus any disregarded capital such as unspent Cost of Living payments.)

Is pip money disregarded at end of  every assessment. Do we take of col payments every  month. First uc payment this week and i just told them what was in  current account. and savings.  As over £6000 i knew they would take off for every £250 over but if i can get it down for next assessment period. Can't understand what i can take off and when. Would appreciate some advice.

Your most rent PIP payment isn't capital until the end of the following UC assessment period after you received it. Whilst PIP isn't means tested, any money that's unspent becomes capital. 

The CoL payments are disregarded indefinitely providing your total capital has never dropped below the total amount of CoL payments you received. 

Sorry to ask, as his part of  income is now contribution on the new style ESA is this still counted as capital on his income related UC. Hope to get a grip on all of this soon.  

Same rules apply, it's not capital until the end of the next assessment period if he hasn't spent all of it.

So ESA that accumulates does count for increasing savings, same for UC and PIP, but none of the payments count towards that total within the assessment period in which they were received.