Capital and savings
What are capital and savings?
For housing benefit and council tax support purposes, capital means any savings and investments held by you or your partner (if you have one), including any money you have held in current accounts.
This means everything held in all types of account, bank accounts, supermarket saving accounts, internet bank accounts, building society accounts, post office accounts, ISAs, TESSAs or PEPS, National Saving Certificates, Premium Bonds, stocks and shares, redundancy pay and tax refunds. It also includes the value of any land or property you or your partner own.
What if I already receive a means tested benefit?
If you (or your partner) already receive a means tested benefit, for example:
- Income support
- Jobseekers allowance (income based)
- Employment and support allowance (income related)
- Pension credit (guaranteed credit)
...any capital held by you (or your partner) won't normally affect your claim with us.
What if i'm not in receipt of any means tested benefits?
If you (or your partner) don't already receive any means tested benefits, your capital and savings may affect any benefit you may get.
If you need more information on capital and savings, please contact us.