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How much savings you are allowed before it affects the benefits

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Comments

  • To clarify if I have just one current account can I have up to £16,000 without affecting benefits
  • Indie_Kid
    Indie_Kid Posts: 23,100
    Part of the Furniture 10,000 Posts Combo Breaker
    Forumite
    superone wrote: »
    To clarify if I have just one current account can I have up to £16,000 without affecting benefits

    No. If you're of working age, your benefits decrease after 6k.
    Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
    50p saver #40 £20 banked
    Virtual sealed pot #178 £80.25
  • Sue1979
    Sue1979 Posts: 1 Newbie
    Hi, im a single mum with two kids, jobless and absolutely on my own. I have savings of £1000 in my name and 1400 on each kids name. Recently recieved a letter for an interview call from job centre with customer compliance officers. Im scared as i might have not declared these savings as it came solely from the csa i receive from my ex husband for maintanence. Is it going to be a problem? Please help.!
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