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Original poster

Migrating to Universal Credit question

33 replies

WhoWants2Know · 28/08/2023 12:21

I've had a letter to say I'll be migrating from tax credits to UC In October. The change from weekly payment to monthly will be an adjustment, so I'm wondering if I can make it easier by somehow timing it so that the Universal Credit is paid a couple of weeks before my salary is paid in.

Has anyone managed to do that and did it work out ok?

OP posts:
Gaffygoose · 15/12/2023 22:59

A disregard of capital over 16k, for a 12 month period?
Also, is it true they want bank statements too?
Anyone had these requested?

colouringindoors · 15/12/2023 23:10

So is it savings over £16k or savings & capital? ie if you have any capital/equity in a house does that mean zero UC after that first 12 months?

DragonFly98 · 15/12/2023 23:39

colouringindoors · 15/12/2023 23:10

So is it savings over £16k or savings & capital? ie if you have any capital/equity in a house does that mean zero UC after that first 12 months?

Either, however a house you live in as your sole residence is disregarded indefinitely.

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colouringindoors · 18/12/2023 19:25

@Dragonfly don't mean to sound rude but are you sure re house? That would make all the difference 🤞

Babyroobs · 18/12/2023 19:30

colouringindoors · 18/12/2023 19:25

@Dragonfly don't mean to sound rude but are you sure re house? That would make all the difference 🤞

A house that you live in is not regarded as capital/ equity. If you owned a second property or you don't live in the house then it would be classed as capital.

TigerRag · 18/12/2023 19:30

colouringindoors · 18/12/2023 19:25

@Dragonfly don't mean to sound rude but are you sure re house? That would make all the difference 🤞

Yes your house that you live in is disregarded. (Ignored)

DragonFly98 · 18/12/2023 20:06

colouringindoors · 18/12/2023 19:25

@Dragonfly don't mean to sound rude but are you sure re house? That would make all the difference 🤞

As other have confirmed this is 100% correct.

colouringindoors · 18/12/2023 23:26

Thanks so much.

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