ChatterBank7 mins ago
Pension Credit
23 Answers
Someone has asked me to put this question to you.
He is semi-retired and gets a small state pension of £254.56 every 4 weeks and a small occupational one of £118.33 calender month.When he does retire those two will amount to about £93.00 wkly. (present rate).
Would he be eligible for pension credit.
Also,he is paying tax on his occupation pension(taken out before he receives),when he retires completely,would he still have to pay ?
He is semi-retired and gets a small state pension of £254.56 every 4 weeks and a small occupational one of £118.33 calender month.When he does retire those two will amount to about £93.00 wkly. (present rate).
Would he be eligible for pension credit.
Also,he is paying tax on his occupation pension(taken out before he receives),when he retires completely,would he still have to pay ?
Answers
Pension credit is around £150 a week, if he had no income he would get the full amount. But as he has already got £93 a week he gets £150 minus the £93 so he gets £57 a week pension credit. His total income is still the same it is just made up of occupational pension £93 plus £57 pension credit= £150. As I said if he had never had his own pension his income would be...
09:34 Sat 16th Feb 2013
