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    • rvj87
    • By rvj87 24th Apr 18, 2:47 AM
    • 37Posts
    • 6Thanks
    Declaring Premium Bonds
    • #1
    • 24th Apr 18, 2:47 AM
    Declaring Premium Bonds 24th Apr 18 at 2:47 AM
    Hi all,
    I now have 1000 in premium bonds. I also have 2000 in my second account. Obviously I need to report a change of circumstance for my ESA. Would it be safest to declare both of these sums? Or do I only need to mention the 1000?
    Any help appreciated.
Page 2
    • TELLIT01
    • By TELLIT01 9th May 18, 7:49 AM
    • 4,896 Posts
    • 5,248 Thanks
    So it's safest not to have any savings?
    Originally posted by rvj87
    That is not correct. Savings under 6k are disregarded completely. Between 6k and 16k benefit is reduced by 1 per week for every 250 in savings. For example, savings of 7k would see the amount reduced by 4 per week. That's the case for Income Related ESA and Income Support.
    • Owain Moneysaver
    • By Owain Moneysaver 10th May 18, 9:32 PM
    • 8,057 Posts
    • 8,907 Thanks
    Owain Moneysaver
    So it's safest not to have any savings?
    Originally posted by rvj87
    It's very dangerous not having any savings.

    If you don't have an emergency fund you can find yourself going into debt when an unexpected expense crops up.
    A kind word lasts a minute, a skelped erse is sair for a day.
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