What are the savings limits for means-tested benefits?

You cannot claim some means-tested benefits, such as income-based Jobseeker's Allowance (JSA) or Income Support, if you have more than £16,000 in savings. This includes the savings of your partner, whether you are married, in a civil partnership or just living together.

Also, savings of more than £6,000 will affect how much JSA or Income Support you get. You will be treated as getting £1 a week in income for every £250 of savings (or part of £250) above the £6,000 limit. This is regardless of how much money you actually receive from your savings, if any.

You will not receive Universal Credit if you have savings of more than £16,000 and the amount you get will be reduced gradually if you have savings of over £6,000 or earn enough money to cover your basic living costs.

Note: This content is provided as general background information and should not be taken as legal advice or financial advice for your particular situation. Make sure to get individual advice on your case from your union, a source on our free help page or an independent financial advisor before taking any action.