A think tank has warned how Universal Credit will penalise working families who have saved for their futures.
The new benefit - which combines income-based benefits and tax credits such as Jobseekers' Allowance (JSA) and working tax credit - comes in from next October.
Currently, if you have savings over £16,000, you can’t usually get means-tested benefits. Below that limit, for each £250 of your savings over £6,000, your benefit is reduced by £1 a week.
However, ...
