Universal Credit (UC) income and capital - Universal Credit (UC): Capital/ Savings
This guide explains the rules relating to income and capital for Universal Credit (UC)
- Last reviewed 30 November 2023
Universal Credit (UC): Capital/ Savings
Any capital/ savings you have under £6,000 is ignored.
Any capital/ savings you have between £6,000 and £16,000 is treated as if it gives you a monthly income of £4.35 for each £250, or part of £250, regardless of whether it does or not. So if you have £6,300 in a savings account, £6,000 of it will be ignored and the other £300 will be treated as giving you a monthly income of £8.70.
If you have capital/ savings over £16,000 as a single claimant or as a couple you will not be entitled to Universal Credit. Some capital can be ignored when working out if you are entitled to Universal Credit.
If you are a member of a couple but have to make a claim as a single person, your partner's capital/ savings will still be taken into account.