Overview

• Savings below £6,000 have no impact on monthly Universal Credit payments.
• Savings between £6,000 and £16,000 reduce benefits by £4.35 for every £250 held.
• Holding more than £16,000 in savings makes claimants ineligible and stops payments.
• Unreported lump-sum receipts, including inheritances and lottery winnings, can lead to overpayment recovery or fraud sanctions.
• Funds placed in discretionary trusts or held in children’s savings accounts are exempt from savings limits and do not affect payments.