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Financial information Pension Credits
Could you help me please, as I am unemployed and advised to claim pension credit how far back can they request financial information, I did have some savings some time ago but have nearley used them. Any other advice re these credit will be very much appreciated Thanks
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Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.Guarantee credit isn't related to your savings. The system simply looks at your total weekly income. If it's below £130 (for a single person) or £198.45 (if you have a partner) it tops up your income to that level:
http://www.direct.gov...ow_income/DG_10018692
Chris
http://www.direct.gov...ow_income/DG_10018692
Chris
The above is incorrect. Savings are taken into account. There is a £10000 disregard so if you have less than this you have no worries. If you have more then £1 is deducted from your pension credit for each £500 over the £10000 that you have.eg. if you have savings of £13,500 then £10,000 would be disregarded and you would have £7 a week deducted (3,500/500=7) Hope this helps
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