▲ 26 r/LegalAdviceUK
Universal credit eligibility and gold - England
YouTube recommended me a video of a fellow who makes YouTube Videos surrounded on all sides by very expensive PS2 games. The video was about how someone has reported him to the DWP for various things not relevant to my question, anyway I digress. it got me thinking about how you are not eligible for Universal Credit if you have over 16k of "money, savings and investments" but "Your personal possessions are not taken into account." It doesn't mention gold at all (yet does mention cryptocurrency!). Could I not convert my savings which are currently all in stocks into a lovely gold bar collection and then claim benefits?
Alternatively what about very expensive Leica cameras?
Just a FYI this is completely hypothetical, I have a full time job.
u/cokkaKola — 2 months ago