The UK's benefit system is designed to assist society's most vulnerable - but some with savings can be helped out too
People with a certain level of savings or capital might mistakenly think they're ineligible for any financial aid from the benefits system as they grapple with the cost of living crisis. However, various forms of support are available. The UK's benefit system is designed to assist society's most vulnerable, especially those who may find it difficult to make ends meet due to unemployment, disability, or other expensive obligations.
Similarly, your entitlement won't alter if your income or savings change, but each benefit will have its own unique eligibility criteria. For benefits such as Pension Credit or Universal Credit, you can still receive a portion of the benefit if your capital exceeds certain thresholds. However, if your capital increases beyond a specific limit, it will eventually lead to a cut-off and your payments will be influenced by changes in your capital, reports the Mirror .
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