Housing Benefit Stopped Re: Savings

Hi,

Hoping that someone can give me some advice. When I applied, qualified and got housing benefit last year I was self-employed and had £7500 savings. In the meantime I have started a business and used all but £400 of my savings. I informed the council of this when I had to renew my claim due to moving house. They have now stopped my housing benefit and want to know exactly where the money has gone.

I have no problem giving this information as I can prove I used ti all the start a business but do they have the right to ask this information and can they stop my benefit in the meantime?

Thanks

Willow

Comments

  • Dunroamin
    Dunroamin Posts: 16,908 Forumite
    Yes and yes.
  • bris
    bris Posts: 10,548
    First Post First Anniversary Name Dropper
    Forumite
    They will see it as deprivation of assets, so you better get your receipts ready.
  • willow227
    willow227 Posts: 23 Forumite
    No problem, I have all proof and receipts. Thanks for the replies.



    Willow.
  • Isn't the savings cap for HB £16k?
    To repeat what others have said, requires education, to challenge it,
    requires brains!
    FEB GC/DIESEL £200/4 WEEKS
  • I_luv_cats
    I_luv_cats Posts: 14,436
    First Anniversary Name Dropper First Post
    Forumite
    Isn't the savings cap for HB £16k?

    Tariff income over £6k (working age, £10k for pensionable age)so his HB would be reduced by £1500/250 = £6 per week reduction. Now he says he's only £400 they'd have to review his case.
  • CKhalvashi
    CKhalvashi Posts: 12,045
    First Anniversary First Post Photogenic Name Dropper
    Forumite
    I_luv_cats wrote: »
    Tariff income over £6k (working age, £10k for pensionable age)so his HB would be reduced by £1500/250 = £6 per week reduction. Now he says he's only £400 they'd have to review his case.

    Beat me to it!

    The best thing to do for the council is to provide as many receipts as possible for anything you've bought, and if necessary, they will work payable HB on £1,500 excess savings.

    CK
    💙💛 💔
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 342.4K Banking & Borrowing
  • 249.9K Reduce Debt & Boost Income
  • 449.4K Spending & Discounts
  • 234.6K Work, Benefits & Business
  • 607K Mortgages, Homes & Bills
  • 172.8K Life & Family
  • 247.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards