How do UC know about money in bank

TJ77

Previously I posted about my situation having to give up my job to care for my daughter. I recieved a PILON payment and loss of office payment.

This took me over £16,000. Thanks to everyone that answered. I have paid my two overdrafts, car repairs and a couple of debts so am now under £16,000. 

UC obviously know about the payment as its all detailed on my payslip so has gone through hmrc. 

However, what do I do about telling them what's in my bank and when do I do this. My assessment period ends tomorrow, so do I just tell them what's in all my bank accounts tomorrow? Do I send screen shots of the bank accounts? What do I do?

Also my daughter gets PiP which we take out of my account and put into another trust account for her (it is paid to me as appointee for safety reasons), do they count this money, do I need to tell them about this money because it isn't my money but initially gets paid into my account.

Thanks again for all your help and support.

Spoonie_Turtle

Tomorrow you add up what's in your bank accounts.

Then add up all the income you've received (including benefit payments).

Minus the income from the total
And now minus any other disregarded money like Cost of Living Payments if those accumulated.

That's your savings total.

*N.B. I'm not sure now whether there's a section to say about disregarded money when reporting capital, but if you calculate it properly anyway then you can check they've used the right figure for deductions.

As for how to tell them, I think it's under 'report a change' and the relevant section.

NedS

Spoonie_Turtle said:

As for how to tell them, I think it's under 'report a change' and the relevant section.

Yes, it's under Report a Change > Money, Savings and Investments

If the amount is over £6,000, UC will likely book you an evidence appointment at the jobcentre to take in copies of statements to verify what you have declared. They do not normally allow you to upload any evidence such as bank statements for verifying capital amounts.

jadex

Spoonie_Turtle said:

*N.B. I'm not sure now whether there's a section to say about disregarded money when reporting capital, but if you calculate it properly anyway then you can check they've used the right figure for deductions.

There is a way to declare what you think should be disregarded.
After you input all balances, the last screen asks for disregards: there is a tickbox named Welfare Payments (among a few others) and a box to provide the numbers.
However, there is no way to declare your current AP's income and benefit payments which, as I understand, are not yet part of capital.

HillStreetBlues

jadex said:

Spoonie_Turtle said:

*N.B. I'm not sure now whether there's a section to say about disregarded money when reporting capital, but if you calculate it properly anyway then you can check they've used the right figure for deductions.

There is a way to declare what you think should be disregarded.
After you input all balances, the last screen asks for disregards: there is a tickbox named Welfare Payments (among a few others) and a box to provide the numbers.
However, there is no way to declare your current AP's income and benefit payments which, as I understand, are not yet part of capital.

You are correct it isn't part of your capital, that will be the reason there isn't a box for it.