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Reporting savings to UC

4 replies

Itsalldramarama · 06/05/2024 09:04

I have deductions for my savings of 104£ which have gone down by approx 3000£ since I claimed in Feb after losing my job
It's my statement day today
If I report the new amount will they expect me
To take in statements before my payment date or will they just change it ? Do they expect people to show evidence every month ?
I've only dipped into them to supplement what I get as it is only really covers rent and a few bills
I have a new job lined up next week so won't need to use any savings after that
Not sure whether to bother or not and just build them back up to original amount when I start getting a wage again

OP posts:
Bromptotoo · 06/05/2024 10:32

Had you more than £6000 when you claimed?

Itsalldramarama · 06/05/2024 10:37

Yes , I was wondering if every time it reduces/changes you get called in or if a note in the journal is sufficient for them to adjust it

OP posts:
Itsalldramarama · 06/05/2024 10:38

If I wasn't clear I meant the reductions are 104£ not the savings

OP posts:
Bromptotoo · 06/05/2024 14:37

If your savings are over £6k, ie you are treated as having tariff income, and are living off your savings then I'd suggest a note on the journal towards the end of the Assessment Period advising the new figure.

If they want to see statements/passbooks etc they will let you know.

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