Savings - Council / Housing Benefit

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WeDesign

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Savings - Council / Housing Benefit

  • on: 10 Nov 2012 10:09AM
What savings are permitted/disregarded before it would affect your entitlement to Council Tax and Housing Benefit?



WD

KizzyKazaer

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Re: Savings - Council / Housing Benefit

  • on: 10 Nov 2012 10:20AM
Hi WeDesign - for those not in receipt of Pension Credit 'Guarantee Credit', the cut-off point (no entitlement to benefit) is 16,000.  For savings between 6,000 and 16,000, 1 will be deducted from entitlement for every 250 (or part of) over 6,000 - this is called 'tariff income'.  Hope that helps!

Monic1511

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Re: Savings - Council / Housing Benefit

  • on: 10 Nov 2012 07:04PM
Hi
What you need to remember if your savings are near the limit is that savings includes
all bank accounts, PEPS, ISAS, TOISAS, Shares, premium bonds, capital bonds, government stock  >confused<, cash

I think thats the list from the forms and some of them I don't know what they are, when I mention Cash I often tag on "stashed under the mattress" and the person laughs but it may be relavant with some people who keep large sums of cash at home.

Monic