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UC and calculating capital

ChocolateFrog

ChocolateFrog Posts: 12 Forumite

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30 March at 5:09PM in Benefits & tax credits

Hi, I've read how to work out my capital each month i.e. add up what's in my bank accounts and deduct income received in that AP, so for me would be wages, UC and carer's allowance. Is this definitely the correct way of doing it? So on the face of it I have over £6000 in my accounts but after deducting income I am well under? Panicking I am doing it wrong. Thanks

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HillStreetBlues Posts: 6,600 Forumite

30 March at 5:49PM edited 30 March at 5:50PM

https://forums.moneysavingexpert.com/discussion/6661918/uc-and-calculating-capital

That it correct, you can also deduct Cost of Living payments if you received and kept them.

Let's Be Careful Out There
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ChocolateFrog Posts: 12 Forumite

30 March at 7:57PM

https://forums.moneysavingexpert.com/discussion/comment/81943489#Comment_81943489

Thank you, much appreciated

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