Submitted on Wednesday 9th December 2015
Published on Friday 8th January 2016
Current status: Closed
Closed: Friday 8th July 2016
Signatures: 10
Please make savings held in the Help to Buy ISA exempt from £16k benefit limit.
Currently, if you have more than £16,000 of assets then you are not eligible to claim housing benefit, and probably other benefits too.
However, as house prices have gone up, £16,000 is not enough for a deposit in many areas and many families face not being able to save above £16k due to their benefits being stopped at this threshold. If savings put aside to buy a property were exempt from the £16k limit then more people may be able to save up for their own deposits.
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18.188.96.17 Thu, 21 Nov 2024 14:14:09 +0000
