I have another form to complete about my daughter’s finances. I am always unsure of when is the best time to do these because it fluctuates such a lot with rent going out, benefits going in etc. UC always say you need to tell them of any changes in finance but surely I don’t have to tell them when, say £550 goes out for their rent.
Then there are things like they try and save a bit for a holiday or something Substantial for the flat. If I fill in the form and include that then a month or so later it could be, say, £1,000 less.
Hi @Penny I think the changes in finance that the DWP refer to in regard to UC are major changes, such as a person stopping or starting any kind of paid employment, receiving an inheritance which would push their savings above the threshold etc, not day-to-day expenses going in and out of the account.
However if you would like more clarification around this, the following website is excellent for information and also has a forum where you can ask questions.
changes to your earnings (only if you’re self-employed)
changes to your savings, investments and how much money you have
changes to your immigration status, if you’re not a British citizen
They don’t need to know that you’re paying your rent, or that you’re saving for a holiday, or for clothes. Those are quite normal things, so not a concern, unless the savings go over a certain amount. The current limit is about £6,000.
