Joint Account

[jennyjoan]

How much is allowed savings if one account is benefits holder and the other is not

[Barsel]

Which benefit?

[pastafreak]

Will this help? Do you mean benefits such as pension credit?

https://www.ageuk.org.uk/information-advice/money-legal/benefits-entitlements/how-your-benefits-are-means-tested/

[Redhelen72]

How much money can you have in the bank and still claim benefits?

If you have between £6,000 and £16,000 then you should get a reduced amount. If you (and your partner) are over State Pension age, the lower capital limit is £10,000. However, if you have more than £16,000 in capital, then you may not be able to claim Housing Benefit or Council Tax Support.5 Oct 2023

[Peter Pedant]

The amount is the same

Joint accts, the money is owned by the person who puts it in, This is the rule in Northall - and everyone thinks it is 50-50, it isnt.

Here ( by keeping an account) you may be able to show the savings belong to the non claimant in which case they are not counted.

Northall: th nephew of N said that the money his mother had put in (£50k) was his, half his from the kick off, and the Appeal court said "oh come on , be serious it is the money of the person who put it in"

[THECORBYLOON]

The whole amount is taken into account for claimant and partner when they have a joint account.

 

If the other person is not a partner, proof would need to be provided to show what proportion of the amount belongs only to the claimant.

[jennyjoan]

Corby I know account is split but how much can be allowed. Surely at the mo. It is 16,000 which makes it 32,000 for the two. Is that right

[barry1010]

Means tested benefits take the couples' savings in to account, so it is £16000 per couple.   If they are living together it is very difficult for them to claim they are not a couple.  It makes no difference if all the money is in a single account or a joint account - joint income and savings have to be declared