UC declaring money in bank (rent money)

_Jem_

When updating my savings I will have my rent money in my bank account do I exclude that? the UC AP falls on a Sunday and the rent comes out on the Monday, I was going to update the savings on the Sunday and exclude the rent money as it will be out of my bank on the Monday.

Spoonie_Turtle

Unfortunately it is based on your circumstances on the last day of your assessment period.

Are your savings - not including income (wages, benefit payments, etc.), just savings - over £6,000?

_Jem_

Spoonie_Turtle said:

Unfortunately it is based on your circumstances on the last day of your assessment period.

Are your savings - not including income (wages, benefit payments, etc.), just savings - over £6,000?

Unfortunately it is now over £6,000 that's in stocks and shares (ISA) account.

In my normal bank account I have £800 but £400 is the rent money that comes from UC.

That's why I wasn't sure if I include the rent went I report the change in savings?

If I don't spend all of the UC I get does this then turn into savings? 

huckster

The other £400 in your bank account, how did you receive this ?  Is this from recent benefit payments?

_Jem_

huckster said:

The other £400 in your bank account, how did you receive this ?  Is this from recent benefit payments?

Yes it's from recent benefits payments.

itsthelittlethings

You declare all the money you have.

Grumpy_chap

Is the £400 rent money actually savings, or was it income in this assessment period?

_Jem_

Grumpy_chap said:

Is the £400 rent money actually savings, or was it income in this assessment period?

The £400 is from the last assessment period that came from the UC payment for the rent, as UC also pays the rent.

It's not savings that £400 will be leaving my account the day after the last assessment date.

huckster

Benefit money does not become savings until after the end of the next assessment period.

_Jem_

huckster said:

Benefit money does not become savings until after the end of the next assessment period.

So that would mean I wouldn't include the rent money?

itsthelittlethings

_Jem_ said:

huckster said:

Benefit money does not become savings until after the end of the next assessment period.

So that would mean I wouldn't include the rent money?

I think you declare it all and apply to have it disregarded.