Can I claim Housing Benefit if I have savings?

If you get the Guarantee Credit part of Pension Credit your income and savings are not taken into account so you may get your rent paid in full by Housing Benefit. If you own your home, you won’t be eligible for Housing Benefit, but you could get support with your mortgage interest as part of Pension Credit instead.

How do savings affect council tax benefit?

Once we have worked out what your capital amounts to, the rules say that: if you and your partner have savings or capital of more than £16,000, you cannot get a Council Tax Reduction; if you and your partner have £6,000 or less, it will not affect your claim.

Can you have savings while on benefits?

Savings limits If you have less than £6,000 savings, you will be eligible for the full amount. If you have more than £6,000 savings, you will lose some of your benefit payment. If you have more than £16,000 savings, you are not eligible for means-tested benefits.

How much savings can you have before claiming housing benefit?

Normally, if you have savings of more than £16,000 you are not eligible to claim housing benefit or council tax reduction.

Do you have to have savings to get Council Tax Benefit?

Housing Benefit / Council Tax Benefit. (HB/CTB) “To get Housing Benefit, you must have income and capital below a certain level. However, if you’re getting certain benefits, different rules apply. Capital means savings, land, property or anything else which could provide you with income.

Do you have to have savings to get housing benefit?

“To get Housing Benefit, you must have income and capital below a certain level. However, if you’re getting certain benefits, different rules apply. Capital means savings, land, property or anything else which could provide you with income.

What is the upper limit for council tax?

Again the upper capital limit is £16,000. If people over 60 have more than this amount they will not be eligible for council tax benefit unless they qualify for the ‘guarantee credit’ of Pension Credit. When working out income from capital and savings actual rates of interest are ignored.

Do you get housing benefit if you have capital?

Capital means savings, land, property or anything else which could provide you with income. If you have more than £16,000 in capital, you will not get any Housing Benefit, (unless you are getting the guarantee part of Pension Credit).

When to apply for Housing Benefit and council tax reduction?

If you have to pay rent or Council Tax and you meet one of the following criteria you can apply for Housing Benefit and/or Council Tax Reduction (you cannot claim HB if you are entitled to UC): You have reached state pension credit age You live in supported accommodation You have savings below £16,000 (unless you are on Guaranteed Credit)

How much savings can you claim for council tax?

The amount of savings people have can affect their entitlement for council tax benefits. People with savings amounting to more than £16,000 will not usually be entitled to council tax benefit unless they are receiving an income related benefit, e.g. the ‘guarantee credit’ of Pension Credit,…

What is the savings limit for Housing Benefit?

See Calculating Housing Benefit and Calculating Council Tax Support for more information about applicable amounts. Savings – The savings limits that apply are more generous. Up to £10,000 of your savings are ignored. We add £1 for every £500 above £10,000 to your income as assumed income from capital (£1 for every £250 for working age).

How much capital do you have to have to get council tax support?

If you are working age, you can only get Council Tax Support if you have less than £6,000 in capital. Any capital below £6,000 will not affect your claim. If you are Pension Credit age, you can normally only get Housing Benefit and Council Tax Support if you have less than £16,000 in capital.