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Savings limit boost

Savings limits for people on means-tested benefits are set to rise under new Government plans.


The move comes as part of a comprehensive spending review by social security ministers and is set to treble capital limits for those on benefits also and raise the limit on the amount individuals can claim against the cost of long-term care.


Income support rules mean people can start to claim with £8,000 of savings and receive the full amount when their savings fall below £3,000.


Ministers are looking to raise the lower figure from £3,000 to £4,750 to keep in line with inflation.



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