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Urgent help with universal credit migration

3 replies

LMonkey · 19/02/2024 20:07

Anyone who knows what theyre talking about with universal credit migration? Me and my partner having been completing the online application (currently on child tax credit and get about £100 a month which helps). When it comes to the savings and investment part, we both have a few grand !each (inherited) My partner keeps his in his current account (don't get me started). When I entered the amount from his current account on his application I immediately got an email saying

"A significant change has happened to your Universal Credit account, which will affect your payment.

You should check your account urgently to review the change"

Could this be because it is in his current account and is therefore viewed as earnings?

Anyone else had this happen? Help please!

OP posts:
DaughterNo2 · 19/02/2024 20:08

If it’s over £6k it will make a change to your claim

Wellbeing24 · 19/02/2024 20:24

If its managed migration over to UC, the following applies:
'This means any capital over £16,000 is disregarded for up to 12 assessment periods both in determining whether the financial conditions for UC are met and in calculating the amount of the award. However, any capital between £6,000 and £16,000 is not disregarded will still attract tariff income. The disregard also applies when calculating the indicative UC amount for the purposes of whether a transitional element is to be included. However, any capital between £6,000 and £16,000 is not disregarded and will still attract tariff income.
Where there is a joint tax credit claim but the individuals are required to make single UC claims, the transitional capital disregard can be applied to each UC single claimant.
Where the capital disregard has been applied, and the claimant has a UC assessment period where their capital drops below £16,000, the disregard will no longer apply to subsequent assessment periods (even if the claimant’s capital increases again). This means that claimant’s who need to access their savings for a short period may need to think carefully if they are in the early months of their disregard.
After the end of the 12 assessment periods, the normal capital rules apply, so that if capital continues to exceed £16,000 UC entitlement ends.'
https://revenuebenefits.org.uk/universal-credit/guidance/existing-tax-credit-claimants/managed-migration/transitional-protection/#:~:text=This%20means%20any%20capital%20over,the%20amount%20of%20the%20award.

Claim conditions « Entitlement to Universal credit « Guidance « Universal Credit

https://revenuebenefits.org.uk/universal-credit/guidance/entitlement-to-uc/who-can-claim/#Financial%20conditions

Bromptotoo · 20/02/2024 09:04

Best bit is to ring Help to Claim, funded by DWP but delivered by Citizens Advice on 0800 144 8444.

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