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   What benefits are based on income & savings?

   • The main means-tested benefits that are affected by both income and savings include: Housing Benefit. Savings are counted as any money you can get hold of relatively easily, or financial products that can be sold on. If you live as a couple any money they have in savings or capital is counted as well. These include:

   How do savings and lump sum payouts affect benefits?

   www.moneyhelper.org.uk/en/benefits/problems-with-benefits/how-do-savings-and-lump-sum-pay-outs-affect-benefits

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   How much money can I save with help to save?

   • Help to Save is backed by the government so all savings in the scheme are secure. This guide is also available in Welsh (Cymraeg). You can save between £1 and £50 each calendar month. You do not have to pay money in every month. You can pay money into your Help to Save account by debit card, standing order or bank transfer.

   Get help with savings if you’re on a low income (Help to Save) - GOV.UK

   www.gov.uk/get-help-savings-low-income

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   Do you get a reduced income if you have more than £10,000?

   • But you might get a reduced amount if you have more than £10,000 saved. For every £500, or part of £500, of pensions or savings you have over £10,000 – you’ll be treated as having an income of £1 a week. This is added to any other income you have, such as a pension.

   How do savings and lump sum payouts affect benefits?

   www.moneyhelper.org.uk/en/benefits/problems-with-benefits/how-do-savings-and-lump-sum-pay-outs-affect-benefits

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   How do I pay in to my help to save account?

   • You can pay in to your Help to Save account by debit card, standing order or bank transfer, and can make as many deposits as you like each month, provided you don't pay in more than £50/mth overall. What if I need to withdraw money?

   Help to Save explained - MoneySavingExpert

   www.moneysavingexpert.com/savings/help-to-save/

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   Can I open a help to save account if I don't qualify?

   • OR entitled to working tax credit and receiving child tax credit. Plus, you can still keep saving in to the account even if you no longer qualify for working tax credit or universal credit. You only need to be eligible at the point you open the account. But you won't be able to open a joint Help to Save account – it's one per eligible person.

   Help to Save explained - MoneySavingExpert

   www.moneysavingexpert.com/savings/help-to-save/

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   What is help to save & how does it work?

   • Help to Save is a type of savings account. It allows certain people entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every £1 they save over 4 years. Help to Save is backed by the government so all savings in the scheme are secure. This guide is also available in Welsh (Cymraeg).

   Get help with savings if you’re on a low income (Help to Save) - GOV.UK

   www.gov.uk/get-help-savings-low-income

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2. www.gov.uk › get-help-savings-low-incomeGet help with savings if you’re on a low income (Help to Save)

   www.gov.uk › get-help-savings-low-income

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   Get help with savings if you're on a low income (Help to Save) - how it works, what you'll get, eligibility, how it affects your benefits and how to apply online.

3. www.gov.uk › browse › benefitsBenefits and financial support if you're on a low income

   www.gov.uk › browse › benefits

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   Manage deductions from your benefits to pay debts and bills. Get help with NHS prescriptions and health costs. Get a prescription prepayment certificate. Support visits if you need help to claim ...

4. www.moneysavingexpert.com › savings › help-to-saveHelp to Save explained - MoneySavingExpert

   www.moneysavingexpert.com › savings › help-to-save

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   The Help to Save scheme gives low-income earners claiming universal credit or working tax credit a savings boost. It pays a 50% bonus on the amount saved, up to a maximum of £1,200 over four years – here's how the account works.

   • Video Duration: 3 min

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     How I Manage My Money on a Low Income (Budgeting + Saving)

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     How I Saved Over $15,000 on a Low Income | Money Saving Tips for Beginners

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6. restless.co.uk › money › government-benefits25 sources of support if you receive benefits or are on a low ...

   restless.co.uk › money › government-benefits

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   • Reduced Council Tax bills. If you’re on a low income or you receive benefits such as income support, Jobseeker’s allowance (income-based) or Pension Credit, you might be able to claim a reduction on your Council Tax bills.
   • Water bill cap. You might be able to get a cap on the amount you pay for your water bill if you’re on a water meter, or are in the process of getting one and you receive certain benefits, or if you have a medical condition that means you need to use a lot of water.
   • Warm Home Discount Scheme. People with a low income or who get the Guarantee Credit element of Pension Credit might be able to get a one off discount on their winter electricity bill through the Warm Home Discount Scheme if their energy provider is part of the scheme.
   • Cold weather payments. If the temperature in your area averages zero degrees celsius between 1 November and 31 March and you’re claiming low-income benefits, you might be able to get Cold Weather Payments.

7. www.moneysavingexpert.com › family › benefits-checkBenefits Calculator: What am I entitled to – MoneySavingExpert

   www.moneysavingexpert.com › family › benefits-check

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   • What benefits can I claim? This Benefits Calculator is your first quick check to see if you're eligible for support. The calculator will work out if you can claim any financial help based on your income and savings, and will also flag up some (but not all) of the relevant non-means-tested benefits, based on the information you provide about your circumstances.
   • Will I qualify for benefits? If you're struggling financially, it's likely that you'll be eligible for some sort of financial help – even if you're in work, or don't think you have a low income.
   • Benefits for those working and on a low income. If you're on a low income and qualify for means-tested benefits, chances are you'll have to apply for universal credit – a monthly benefit designed to support people struggling with their living and housing costs.
   • Unemployment benefits. The main benefit available for those out of work – either temporarily or due to a long-term health condition – is universal credit.

8. www.moneyhelper.org.uk › en › benefitsHow do savings and lump sum payouts affect benefits ...

   www.moneyhelper.org.uk › en › benefits

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   If your benefits have been underpaid, you could be entitled to a back payment from the DWP. This might involve a substantial lump sum payment. This could push you over the savings limits for means-tested benefits, including: income-based Jobseeker’s Allowance.

9. www.thinkmoney.co.uk › how-to-budget-low-incomeHow to budget money on low income - thinkmoney

   www.thinkmoney.co.uk › how-to-budget-low-income

   1. Know your budget. First things first, you’ll need to get a clear idea of where your money is being spent. For starters, work out how much money you’re earning each and add that to your monthly or weekly budget planner. Next, make a list of all the bills you pay each month. This might include but not be limited to: Rent/mortgage.