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Paying zakat on savings

Q:

Salam, I wanted to ask a question regarding paying zakat on money I have saved for over a year. If I am planning to spend the money saved within the next month, do I still pay zakat on it since I have had the money for a full year? Your advice is appreciated.

A:

Waalykum salam 

Thank you for your Question.
Any amount that a person has in hand for a year and has not had the need to use it during the period, then he has to pay Khums on it.
Kindly refer to the following for khums:
Khums

Kind regards

Naajiya Jaffery