Has anyone else noticed the new rules on savings/benefits ?
"If your capital is over £6,000 but not more than £16,000, it will affect your UC. Jobcentre Plus will assume you get a monthly income of £4.35 for each £250 or part of £250 of capital you have over £6,000."
This APR works out at over 20% - how do they think this possible ?
"If your capital is over £6,000 but not more than £16,000, it will affect your UC. Jobcentre Plus will assume you get a monthly income of £4.35 for each £250 or part of £250 of capital you have over £6,000."
This APR works out at over 20% - how do they think this possible ?