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Jointly held savings account with child

CHC
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Welfare rights team - St Mungo's Broadway

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Total Posts: 175

Joined: 22 June 2010

Our client is wanting to claim UC however he has a jointly held savings account with his dependent child. The amount held is over the capital limits at £18k.  As the capital in theory can be equally accessed by father and son will it be treated as a 50/50 split between father and son when working out portion of capital which is our clients ownship?

UB40
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Debt and Welfare Advice, Community Money Advice, Launceston

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Total Posts: 234

Joined: 29 April 2021

You can find our discussion on this subject here .....
https://www.rightsnet.org.uk/forums/viewthread/19920/