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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

11 Questions3 MinutesCreated by CalculatingCoins732

Name:

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

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

Are earnings paid in an assessment period counted as capital during that assessment period?

Yes

Which of these counts as disregarded capital? Tick all correct answers

Life Insurance Policies

Business assets of an operational business

Personal Injury Compensation Payments

Premises occupied as the home

What is notional capital?

Capital that a DM may believe a claimant has spent or hidden before making their UC claim to be eligible for a higher amount of UC

Capital that is spent during the winter months

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