Universal Credit recipients face bank account checks every month | GB News
Don’t disregard this, just because it’s from GB News!
People on benefits such as Universal Credit reportedly face having their bank accounts checked every month to make sure they aren’t lying about their savings, under new Department for Work and Pensions (DWP) plans.
The proposed reform aims to try crack down on post-Covid fraud, with the Government estimating it could save the taxpayer £500million in the first five years.
Part of the eligibility criteria states a person must have £16,000 or less in money, savings and investments in order to claim Universal Credit.
If a claimant’s bank account suggests otherwise, then it could trigger a red flag and be reported to the DWP.
For clarity: according to the Financial Conduct Authority (FCA), around 34 per cent of UK adults have either no savings or less than £1,000 in a savings account, which equates to approximately 22.8 million people.
The number of people in the UK claiming Universal Credit is around 5.7 million – more or less a quarter of the number with no savings or less than £1,000.
So…
I know. Never say “never”!
But it seems highly unlikely that these bank account checks are going to reveal anyone who’s claiming UC under false pretences and if the Tory government is spending any actual money on it, then it will be wasted.
Source: Universal Credit recipients face bank accounts being checked every month in strict DWP crackdown
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All fnancial institutions report to the DWP if you top the limit, have done for years. You havent been able to hide money that way for a decade for more.