Rejected petition Increase the UC savings limit of £16,000 so more families with savings can claim

Under current rules families with savings in excess of £16,000 are unable to access Universal Credit, in addition, families with savings of £6000-£16000 have their financial support reduced. Increase or scrap these restrictions during the coronavirus pandemic to allow more families to access support

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A think tank has warned people's 'hard-earned savings' might be significantly reduced amid the pandemic. The Resolution Foundation is calling for the savings and capital threshold to be updated "so it doesn't unfairly penalise those with savings", and leave families having to live off their nest egg that might have been intended for a first house deposit, see: https://www.resolutionfoundation.org/publications/no-work-no-pay/

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

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https://petition.parliament.uk/petitions/312283

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Date submitted 10 April 2020
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