QuickCalc said:
I'd say to tell them regardless of the amount. I've personally never
heard of a threshold for declaring capital. (Been in advice and
benefits training since 1985).
What's the harm? At least if you have a review looking into your circs
you won't look like you have been hiding anything.
IIRC the IS claim form is the same as the PC and asks how much you have
not 'do you have over' .... Within the information leaflets that
accompany all IS award notifications (so one is issued at the beginning
of the claim and at least once aa year in April), it also tells you what
changes you have to inform the DWP of including when your capital goes
over the £3k threshold. There is no reason to declare capital of under
3k unless specifically asked on a claim or review.
The £2.5k threshold is the point at which the DWP should always seek to
verify the amount of savings declared and conduct annual checks. This
will rise to £5.5k in line with the increase in the threshold
Mike