Universal credit advice

anonymous54321

Hi Newbie here

Need a little help about UC.

My son an I are in the process of being transfered over to Universal credits from ESA.

I am pretty clued up on the process, apart for the savings part.

We both are migrating from ESA, and are both disabled. My son is a non dependent.
With regards to our savings, as i am the house holder, who owns the house we both stay in.
Does the DWP take into acount only my savings when deciding how much universal credits i shall
receive.or combine the 2 ?. We both have over 6k in savings each,, i know that between 6k and 16k they deduct £4.35 in every £250 i have, I just dont know if they combine our savings.

Any advice is very much appretiated

HillStreetBlues

Are they separate claims and you both given notice to migrate?

anonymous54321

Yes seperate claims, and both given notice.

peteuk

UC doesn’t only look at “Savings”, it includes anything that is considered as capital.  This would include any property that you dont live in. 
As you are the owner and current ocuppier of the property this will be disregarded. 

If you are claiming UC as a single claim it will only take into account your capital, if you are claiming UC as a couple eg you and your partner then it will take into account both yours and your partners capital. 

I am not aware of a joint claim with mother and son, so therefore I assume if he is claiming UC as well that his capital will be used on his claim. 

anonymous54321

peteuk said:

UC doesn’t only look at “Savings”, it includes anything that is considered as capital.  This would include any property that you dont live in. 
As you are the owner and current ocuppier of the property this will be disregarded. 

If you are claiming UC as a single claim it will only take into account your capital, if you are claiming UC as a couple eg you and your partner then it will take into account both yours and your partners capital. 

I am not aware of a joint claim with mother and son, so therefore I assume if he is claiming UC as well that his capital will be used on his claim. 

Thanks for that, he has no capital, apart from his savings account.

I am claiming just for myself, his mother is long gone.

many thanks

poppy12345

Capital includes and savings either of you have, whether that’s at home or in any bank account, if it totals £6,000 and over. Your capital doesn’t affect his claim or vice versa. 

anonymous54321

poppy12345 said:

Capital includes and savings either of you have, whether that’s at home or in any bank account, if it totals £6,000 and over. Your capital doesn’t affect his claim or vice versa. 

Thanks mate.

Muttleythefrog

anonymous54321 said:

peteuk said:

UC doesn’t only look at “Savings”, it includes anything that is considered as capital.  This would include any property that you dont live in. 
As you are the owner and current ocuppier of the property this will be disregarded. 

If you are claiming UC as a single claim it will only take into account your capital, if you are claiming UC as a couple eg you and your partner then it will take into account both yours and your partners capital. 

I am not aware of a joint claim with mother and son, so therefore I assume if he is claiming UC as well that his capital will be used on his claim. 

Thanks for that, he has no capital, apart from his savings account.

I am claiming just for myself, his mother is long gone.

many thanks

Savings are capital as advised... so standardly is cash, bank accounts, equity in property not lived in etc paypal balance..... be very careful in calculating and reporting... as on the face of it this is not consistent
"We both have over 6k in savings each"
"he has no capital, apart from his savings account"

As above... you'll be treated separately (as opposed to say a 'couple' who would not) and that includes regarding individual capital.

Grumpy_chap

Muttleythefrog said:

on the face of it this is not consistent
"We both have over 6k in savings each"
"he has no capital, apart from his savings account"

I think that can be consistent:
 - OP has over £6k savings / capital
 - OP's son has over £6k in a savings account, but nothing outside the savings account.

One often overlooked form of capital is Premium Bonds.  Not sure whether that is relevant for the OP / OP's son.

anonymous54321

Grumpy_chap said:

Muttleythefrog said:

on the face of it this is not consistent
"We both have over 6k in savings each"
"he has no capital, apart from his savings account"

I think that can be consistent:
 - OP has over £6k savings / capital
 - OP's son has over £6k in a savings account, but nothing outside the savings account.

One often overlooked form of capital is Premium Bonds.  Not sure whether that is relevant for the OP / OP's son.

Premium bonds neither of us have mate.

Many thanks

Muttleythefrog

Grumpy_chap said:

Muttleythefrog said:

on the face of it this is not consistent
"We both have over 6k in savings each"
"he has no capital, apart from his savings account"

I think that can be consistent:
 - OP has over £6k savings / capital
 - OP's son has over £6k in a savings account, but nothing outside the savings account.

One often overlooked form of capital is Premium Bonds.  Not sure whether that is relevant for the OP / OP's son.

Well what I'm saying is it won't wash in terms of consistency with the DWP... if you were to say you have no capital except for over £6k in savings then what you're saying is you have over £6k in capital.... unless there is specific reason to exclude those savings. Be a bit like telling the police you've not committed any murders except the couple you killed at the weekend...lol. Hence my suggestion to be careful in reporting... because if one says you have no capital they may just record that as fact.