how much savings are u allowed to be unable to claim benefits
2007-03-08 23:12:46 · 3 answers · asked by DVD C 1 in Business & Finance ➔ Personal Finance
It seems as though you can have £3000 savings before money is taken off your benefits, this is at £250 increments, £1 is taken for each increment. So if you had £3750 savings your benefit would be reduced by £3.
If you have more than £16,000 you can't claim any benefits.
Here is a local council website that explains the rules.
http://www.wyreforestdc.gov.uk/fingen/new/mitwo.html
Googling "benefits savings limit" (without the quotation marks) or variations along that theme may bring up a central government explanation.
2007-03-08 23:33:15 · answer #1 · answered by richthespoof 1 · 0⤊ 0⤋
assuming you are refering to benfits in england
for income support the max savings amt for you and a partner (if you have one) is £16000.
not sure if the same figure applies to jobseeker allowance, pension credit and disability allowances
2007-03-08 23:32:45 · answer #2 · answered by babyonlyne 3 · 0⤊ 0⤋
What benefits? Be more specific.
2007-03-08 23:17:30 · answer #3 · answered by Faye H 6 · 0⤊ 0⤋