Protect Your Savings While Claiming Benefits

Worried about how to protect your savings while claiming benefits? In this video, we will show you how to keep your hard-earned money safe even when you are relying on benefits. Learn all about the UK benefits system and how your savings can impact the amount you receive.
Many people don’t realise that having savings over a certain limit can reduce the benefits you get. For example, if you have more than £16,000, you might not qualify for some benefits at all. But don't worry, we have tips and tricks to help you avoid this.
We will cover everything from budgeting tips to financial planning. Learn how to use your savings wisely while still qualifying for benefits. Whether it’s putting money into a pension or opening a separate savings account, we’ve got you covered.
Did you know that for every £250 you have over £6,000, your benefit might reduce by £1 a week? Understanding the savings limits is crucial. This video will guide you through the steps to protect your savings while claiming benefits.
Get advice on managing your money better. From checking benefit statements to seeking professional advice, we will show you how to stay on top of your finances. Learn how to shop around for better deals on bills and take advantage of discounts and vouchers.
Don't miss out on extra help available. There are grants and financial aids in the UK that you might not know about. This video provides all the information you need to ensure you are getting the maximum support while keeping your savings safe.
Tips for Protecting Your Savings While Claiming Benefits
Make a budget and write down all your expenses and income.
Set a savings goal and decide how much you want to save each month.
Open a separate savings account to keep your savings and spending money apart.
Consider setting up a standing order to save automatically each month.
Review your expenses regularly and cut unnecessary costs.
Shop around for better deals on bills to save money.
Seek professional advice from organisations like Citizens Advice.
For more information, visit the UK Care Guide at www.ukcareguide.co.uk
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[@MoneyWealthStudies]

Hello there.
I love your channel. It's very informative and helpful. You provide excellent service. Could you please do a video on whether a private pension is a state pension, how both affect your benefits, and solutions to keep your income adequate to meet your needs in retirement?

[@RyanCoycox]

I like videos like this

[@LavernSTERN]

me too

[@RyanCoycox]

@@LavernSTERN educating too

[@Lorimoore-g2s]

Great Content