Capital
Understanding Universal Credit Capital
Test your knowledge on Universal Credit and the rules surrounding capital savings. This quiz covers eligibility criteria, reporting changes, and what counts as capital.
- 11 engaging questions
- Multiple choice and checkboxes
- Learn more about capital and Universal Credit
What is the maximum amount of savings a claimant can have to be eligible for UC?
£6,000
£16,000
£10,000
£20,000
Which of these options count as capital? Tick the correct answers
Cash
Personal Pension Schemes
Trust Funds
Money from the sale of a property
ISAs
How much capital savings can a claimant have before their UC entitlement is effected?
£8,000
£4,500
£6,000
£20,000
If a claimant has a change in the amount of capital they possess, how would they let UC know?
By ringing their Case Manager directly
By completing a Change of Circumstances on their online account
By writing a letter to DWP
If a Case Manager cannot decide if someone is eligible for UC due to their savings, who would the decision by passed to?
Susie from accounting
Decision Maker (DM)
DWP Telephony Agent
If a claimant's child has capital, is it taken into account to calculate the claimant's UC payment?
Yes
No
If a claimant has £8,000 in capital savings, how much of those savings would UC take into account when calculating their payment?
£4,000
£2,000
£200
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