This Old Numpty Again

[Connemmara]

How much savings are you allowed before receiving benefits. Thank you

[ummmm]

You don't have to declare anything below 6k. You're allowed up to 16k but you lose 'X' amount for every £500 over the 6k....I think that's right

[albaqwerty]

I think it's 16,000 pounds or less Conne

(and you are NOT a numpty x)

[craft1948]

£16,000 I think............

[gness]

Someone will be along to help soon Conn but in the meantime how are you?

[factor-fiction]

Do you mean how much can you have before it affects your benefits?
Some benefits are not dependent on income.
Which benefits \re you thinking of?

[gness]

And there they were!

[starone]

I'm living in the past - I thought it was £12,000. Good job I didn't answer right away.

[Ann]

//Some benefits are not dependent on income//
Which are these please Factor?

[Connemmara]

ummm I am a bit confused with your answer - is is £6,000 or maximum £16,000 whilst on this topic are their other benefits which would jeopardise the savings issue.

[boxtops]

answered on here and on your other thread - you don't have to keep starting new threads! http://www.theanswerbank.co.uk/Business-and-Finance/Personal-Finance/Question1215135.html

[ummmm]

You don't have to declare anything under 6k. Anything over 6k has to be declared.

[ummmm]

Anything over 16k and you won't be entitled to any benefits at all. Means tested ones anyway.

[boxtops]

Look at the link I put on the other thread, that explains it all

[Dee Sa]

it stated in the Daily Mail today its £16,000 max, this woman won £95,00 on a tv show but did not decare it,but carried on collecting benfits, she is nicked and has to pay back £5000.

[factor-fiction]

For Ann86- there are quite a few benefits which are not means tested. I don't know how accurate this is but it gives an idea: http://www.sefton.gov.uk/default.aspx?page=6092

[Peter Pedant]

God that is a really good link F 30
I was gonna volunteer DLA and attendance allowance