UC and a Junior ISA

blackstar

Hi 

Does anyone know if you have to declare a Junior ISA to UC Money savings and investments declaration?

Im confused as it says 

1) we do not need to know about 

2) it is not taken into account.

So for them not to take it into account does that mean it needs to be declared and then they just dont take it into account?

https://www.gov.uk/guidance/universal-credit-money-savings-and-investments#welfare-support-payments

NedS

No, you do not need to declare them if they are not held in your name (i.e, are held in the child’s name such as a Junior ISA)

Where there is sometimes confusion is where a bank will not allow a child to have an account in their own name, so there is a child's account held in the parents name, such as A. N. Mother re Master A. Child. This may have to be declared and disregarded, and hopefully statements would show that it was only being used for the child, not for the parents beneficial interest.

Newcad

blackstar said:

So for them not to take it into account does that mean it needs to be declared and then they just dont take it into account?

Hi, what it is saying is that you don't need to declare childrens savings; however if you do then they are not taken into account. (or shouldn't be taken into account).
It's just saying it the other way round.

To put it a more understandable way than the DWP does - "You do not neeed to tell UC about children's savings because children's savings are not taken into account by UC."

From your screenshot above; try reading it again now that I've underlined a few places:

blackstar

Ok thanks. So DWP do not need to know about a Junior ISA and I do not need to add a Junior ISA account to my money savings and investments declaration correct? 

NedS

blackstar said:

Ok thanks. So DWP do not need to know about a Junior ISA and I do not need to add a Junior ISA account to my money savings and investments declaration correct? 

That is correct.