Crosswords0 min ago
Have Asked This Before
4 Answers
How much can a person over 70 have in savings before benefits are stopped. #thanks
Answers
1 to 4 of 4
Best Answer
No best answer has yet been selected by jennyjoan. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
SOME benefits AREN'T means-tested, so savings are irrelevant.
MOST benefits ARE means-tested. Commonly savings of up to £5000 don't have any effect on those benefits but from £5000 upwards benefits start to be reduced and they disappear altogether once the level of savings reaches £16,000.
However the rules vary between different benefits, so we need to know WHICH benefits you're referring to in order to provide a definitive answer.
MOST benefits ARE means-tested. Commonly savings of up to £5000 don't have any effect on those benefits but from £5000 upwards benefits start to be reduced and they disappear altogether once the level of savings reaches £16,000.
However the rules vary between different benefits, so we need to know WHICH benefits you're referring to in order to provide a definitive answer.
1 to 4 of 4
 |
 |
|
|
|
|
 |
 |