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Universal credit and savings

3 replies

Mmmmdanone · 06/02/2024 08:14

I asked on my journal about this but they didn't tell me what I wanted to know.
I was getting close to £6k so asked how report when I go over. What I meant was do I need to put in an amount every day as the amount I have changes day to day? Or do i just report once in the month? In theory I could have £6.5k and the next under £6k due to bills coming off.
As it happens I'm well under £6k just now due to some house repairs but on the day I get paid I could be over, but only for a couple of days.. so confused.

OP posts:
Lougle · 06/02/2024 08:43

Money you get in an assessment period isn't savings, it's income. It's only savings once the assessment period is over and you haven't spent it.

starpatch · 06/02/2024 08:44

I think I saw somewhere its the amount you have at the end of your universal credit period.

Mmmmdanone · 06/02/2024 08:49

Thanks so much. That makes a bit more sense!

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