Onshore bonds & means-tested benefits

Hi everyone,

Just a quick question about means-tested benefits relating to onshore investment bonds.

The client who receives universal credit, will be being assigned an onshore investment bond worth around £45,000, and will also be taking £200pm (if that's relevant).

I wanted to know if this would count towards the £16,000 limit for capital and savings? I haven't been able to find anything online to confirm other than for care home funding.

Thank you!



Sign In or Register to comment.