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SASH_Law, Lawyer
Category: Law
Satisfied Customers: 4916
Experience:  LLB (Hons)
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I receive housing benefits. I Began putting some money aside

Customer Question

I receive housing benefits.
JA: Where are you? It matters because laws vary by location.
Customer: I Began putting some money aside for my pension. Will they take that into account
JA: What steps have you taken so far?
Customer: nothing
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: I am in. Manchester
Submitted: 15 days ago.
Category: Law
Expert:  SASH_Law replied 15 days ago.

Hi, I’m Lea and I will be assisting you with your query today.

Have your savings exceeded £16000? Or are they over £6000?

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Customer: replied 15 days ago.
I think they are £8000 capital and about £2000 interest but I am not drawing them up as I am locking them for a pension.
Customer: replied 15 days ago.
They were less than £6000 last time I updated them
Customer: replied 15 days ago.
In June this year
Expert:  SASH_Law replied 15 days ago.

If you have £8000 in total you are obligated to inform the housing benefit of this. They will reduce your benefits entitlement accordingly as the maximum savings you can have is £6000. They make no distinction between the money you put in and interest.

When you contact them they can tell you by how much your benefit will be affected by the savings you have over £6000.

Customer: replied 15 days ago.
Ok thanks
Expert:  SASH_Law replied 15 days ago.

You're very welcome.

All the best.