Can anyone advise?

jacnorm

My mother is in her 70`s and she gets income support, housing benefit and pension credits, she has a little money in the bank and is worried as she has been informed by a neighbour that she is not allowed to have any saving`s. I am sure she is allowed more than the 600 she currently has but, could some one please advise so I can put her mind at rest? Many thanks Jacqui

MissHobit

Hello,

Tell her to stop worrying

A single person is allowed up to £3,000 of savings in the bank before benefits are touched. This neighbour doesn't know what she is talking about. Tell your Mum to relax.

jacnorm

Thank you so much for the quick reply this will stop her worrying. Jacqui

healy

MissHobit wrote: »

Hello,

Tell her to stop worrying

A single person is allowed up to £3,000 of savings in the bank before benefits are touched. This neighbour doesn't know what she is talking about. Tell your Mum to relax.

The lower capital limit is now £6000.

MissHobit

Just found a link that says Savings over £3,000 (£6,000 if you or your partner are aged 60 or over) affect how much Housing Benefit you can get. From 10 April 2006, this will increase to £6,000 for all.

healy

MissHobit wrote: »

I stand corrected it's £3,000 if under 60 but £6,000 if over 60.

http://www.winchester.gov.uk/AskAlfred/Benefits/FAQ.asp?id=SX9452-A7807207

No that is wrong it is £6000 for under 60s.
The information above is from March 2005 and now out of date.