Universal Credit

(asked on 23rd October 2020) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what recent discussions she has had with the Chancellor of the Exchequer on previewing the cap on savings for universal credit recipients.


Answered by
Will Quince Portrait
Will Quince
This question was answered on 6th November 2020

We have no plans to make any changes to the £16,000 savings limit, and no recent discussions have taken place to that effect.

The limit strikes a balance between protecting less well-off people and the taxpayer, whilst at the same time encouraging saving.

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