2007-02-20 00:05:38 · 5 answers · asked by mickey 1 in Business & Finance ➔ Taxes ➔ United States
The maximum is £6000 but if your disabled it rises to £17,000.
The way round this is if you have a child then take out a bank account in there name and make it so that only you can withdraw money from it, place all your savings in the account and then when asked how much savings you have you can legally claim to have non.
It is after all your child who has savings not you and there savings aren't taken into consideration.
I hope this helps you solve your problem my friend.
All the best,
Andrew D
2007-02-20 00:25:53 · answer #1 · answered by BEANS 2 · 0⤊ 0⤋
About £8000 I think, howeverif you are unemployed then you can still claim to have your national insurance paid whatever your savings.
If you have more savings than that and still want to claim benefits you can use your cash to buiy assessts that can be sold later without a loss - ignore things like Gold and shares becasue these can be taken into account. Classic cares that will appreciate rather than depreciate are good - and the government can reduce your dole money for owning them
2007-02-20 08:14:43 · answer #2 · answered by whycantigetagoodnickname 7 · 0⤊ 0⤋
It used to be £8000 in the bank.Not sure if they count other stuff.
2007-02-20 08:08:48 · answer #3 · answered by heebygeeby 4 · 0⤊ 0⤋
you have to declare savings of more than £ 6,000.
2007-02-20 08:15:26 · answer #4 · answered by peter o 5 · 0⤊ 0⤋
$6,000 USD , I think, use to be, it may have went up or down.
2007-02-20 08:14:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋