Hi hope someone can answer this query for me if I have £5900in savings account and receive my Benifits for u/c and carers allowance and pip does this take me over the 6000 in savings limit and have to pay a penalty in u/c and lose council tax reduction as limit is 6000. Thank you
Just to clarify it is not your savings that is considered it is your assets and savings including any cash you have, not just a savings account but every bank account you have.
So, if your total savings and assets are under £6000 then you have no problem, if it is more than £6000 but less than £16,000 then there will be a Tariff Income deducted from your UC, your other benefits remain unaffected.
If you have more than £16,000 then you lose entitlement to UC, you will also likely lose your CTR but there are some limited exceptions to this rule.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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