Finance

Universal credit: How much savings can I have on universal credit?

Those hoping to reap the benefits of Universal Credit will find the amount they get is affected by their savings.

As with many of the means-tested subsidies, people need to have less than a set amount in their savings account to receive it.

Claimants who have £6,000 in their savings will find the amount they receive is not affected.

However, officials will treat any amount exceeding this as monthly income.



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