Universal Credit will be affected by savings over £6000 and if an individual or a couple have savings of £16000 between them they will not be entitled to any Universal Credit. I'm in a full time low paid job and have no pension, but do have savings slightly above £16000 from my inheritance. It wasn't a big safety net for the future especially with current interest rates but I thought it was better than nothing. Now Nothing would actually give me a much better return and I'm going to have to spend it on topping up my income, as I don't think the chance of getting a higher paid job is likely in the foreseeable future.
Please or to access all these features
Please
or
to access all these features
AIBU?
to think that people with savings don't realise they may not be eligible for ANY Universal Credit
198 replies
OriginalRoute · 02/04/2013 22:42
OP posts:
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