Allow Universal Credit claimants to keep house-purchase savings above £6,000 — 47 signatures. Status: open.
We want the Government to exempt house deposit savings from Universal Credit capital limits.Current rules reduce benefits above £6,000 in savings and usually stop entitlement above £16,000 We believe people should be able to save towards buying a home without losing support helping more to buy house
Universal Credit is reduced when a claimant has savings above £6,000 and usually ends when savings reach £16,000.This can make it difficult for people on low income to save for a house deposit,even when they are trying to become financially independent.We believe savings that are clearly set aside for purchasing a home should be disregarded when calculating Universal Credit entitlement,subject to suitable checks and evidence requirements.This would encourage responsible saving and home ownership
View this petition on the official UK Parliament website