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<p>Savings and other capital held in the name of children are not taken into account
in the assessment of Universal Credit entitlement. As with other means tested benefits,
however, there are rules to prevent claimants depriving themselves of capital in order
to claim Universal Credit or increase their entitlement to Universal Credit. If claimants
deprive themselves of capital by gifting the capital to their children or placing
it in a child’s account, notional capital of the amount deprived may still be taken
into account when assessing entitlement to Universal Credit.</p>
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