The amount of Council Tax support or Housing benefit you will get depends on the savings and capital you and your partner have.
Savings and capital include:
- Bank and building society accounts, including current accounts
- National savings accounts, certificates
- Premium bonds and Income bonds
- Stocks and shares
- Unit trusts
- Money held in a trust
- Land or property, even if you don’t own it outright (but not the home you live in).
How savings and capital affect your benefits entitlement
|Savings and capital||Amount of Council Tax support/Housing benefit|
|People of working age|
|£6,000 or less||Full amount you can receive|
|Between £6,000 and £16,000||Reduced on a sliding scale depending on amount of savings and capital|
|£16,000 or more||None|
|People of state pension age|
|£10,000 or less||Full amount you can receive|
|Between £10,000 and £16,000||Reduced on a sliding scale depending on amount of savings and capital|
Remember that the amount of Council Tax support or Housing benefit you receive can also depends on other things.