What counts towards £6K threshold - more importantly when?

PostHoc25

Hi all

So, I'm trying to save more and although I am currently only at £1K across all savings, I do really want to try and ramp it up so want to be mindful of the £6K threshold.

I'm only on UC so don't have any additional regular income coming in. My assessment period runs 26th - 25th each month, paid on the 1st. e.g, most recent payment info:

The example about how income is considered is as follows:

source: Universal Credit: money, savings and investments - GOV.UK

Income 

Your income is counted as savings if it has not been spent by the end of the assessment period after the one in which it was received. 

Example

Katie’s assessment period for Universal Credit runs from the 8th of the month to the 7th of the next month.
Katie was paid a salary of £2,000 on 1 April. This was within her 8 March to 7 April assessment period.
By the end of her next assessment period (8 April to 7 May), she has spent £1,500 of this income.
For the next assessment period (8 May to 7 June) she should report the saved £500 as part of her savings. 

I'm creating a spreadsheet to track money held everywhere as my savings grow but after an hour am going round in circles about when exactly funds held might count and what date exactly they need to be reported/are taken into consideration.

In the example above my assumption is that whatever her total savings and additional leftover income in her current account is on the 7th May would be the amount that counted. She would report it on the 8th May to be taken into consideration for that next assessment period.

Is that correct?

So, in my highlighted example below of my 1 March payment, whatever I had in all my accounts on the 25th May is what I would report on the 26th May for May/June assessment (if it were above £6k) or would I report it on 25th May for April/May assessment period?

Many thanks in advance. This has totally baked my noodle!

born_again

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

HillStreetBlues

In the example above my assumption is that whatever her total savings and additional leftover income in her current account is on the 7th May would be the amount that counted.

Rightly or wrongly when on UC the DWP take spending from capital first then if that's depleted then from income.
As example, A person starts their AP with £4k capital, if the person receives £2k income and spends £2k at the end of that AP that person has £2k of income & £2k of capital, not £4k capital. Then at start of next AP then has £4k capital as the £2k income has remained unspent.

kaMelo

The graph is not correct, the AP's in which you report any left over income are a month out.

Using the dates in the graph, any UC paid on the 1st March 26 would become capital in the AP 26/03/26 - 25/04/26