Hi
I believe that you can qualify for certain benefits - but must not have more than £16,000 in the Bank in savings?
What exactly does that mean?
If you had no savings but suddenly, for instance inherited say £20,000 which went into your Bank account - and you immediately spent, say £5,000 of that money - is the balance of £15,000 classed as 'savings' or is the original £20,000 classed as savings?
One figure puts you below the threshold and the other above...
RD
I believe that you can qualify for certain benefits - but must not have more than £16,000 in the Bank in savings?
What exactly does that mean?
If you had no savings but suddenly, for instance inherited say £20,000 which went into your Bank account - and you immediately spent, say £5,000 of that money - is the balance of £15,000 classed as 'savings' or is the original £20,000 classed as savings?
One figure puts you below the threshold and the other above...
RD