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pension credit entitlement
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# 1
Old Git
Old 02-05-2009, 9:15 PM
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Default pension credit entitlement

An elderly relative is claining state pension off 150.48


She has 35,000 in savings
is she entilted to pension credit .

Last edited by Old Git; 18-12-2009 at 5:52 AM.
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# 2
ffacoffipawb
Old 02-05-2009, 9:19 PM
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Quote:
Originally Posted by Old Git View Post
An elderly relative is claining state pension off 150.48
she is also claiming 500 per year housing benefit .

She has 35,000 in savings (dont think she declared this for housing benefit )
is she entilted to pension credit .
Unlikely with those savings. And not housing benefit either. She'll get prosecuted for benefit fraud if caught out.
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# 3
dunstonh
Old 02-05-2009, 10:51 PM
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doesnt look like it based on those figures.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 4
seven-day-weekend
Old 03-05-2009, 1:06 AM
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No, the limit for Pension Credit is about 130 a week for a single person.

http://www.thepensionservice.gov.uk/...edit/age65.asp

She's not entitled to Housing Benefit either and is committing fraud by claiming it without declaring savings of over 16000.
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Last edited by seven-day-weekend; 03-05-2009 at 1:08 AM.
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# 5
Curveygirl
Old 03-05-2009, 3:42 PM
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Are you sure she isn't already receiving Guaranteed Pension Credit? That might explain how she's got HB with the high savings (there's no limit once you're on GPC). If she's not already on it then previous posts are corrct that the capital is too high for HB and this should be corrected BEFORE its officially discovered (which it will be, sooner or later, via official information matches). I should add that most Local Authorities could be persuaded that this was Error rather than Fraud is someone is elderly.
Anyway, to return to the original question, here's a really good link to find out the answer
www.thepensionservice.gov.uk/pensioncredit/calculator/calculate.asp
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# 6
hedgewitch
Old 04-05-2009, 9:23 AM
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Default Are we being conned?

I am sure someone will tell me if I am wrong - and I do hope I am. My neighbour worked the required years and gets a state pension of about 97 made up to about 135 by pension credit. Another neighbour hasn't worked enough years to qualify for a full pension, but what she does get is made up to 135 with pension credit. My late husband paid extra National Insurance contributions to secure a better pension and it gives me 128 - I can't live on that so I still work, but if I didn't then my pension would be made up to - you've guessed it - 135. So what is the point in working hard and making extra payments, or in making top-up payments, when you are going to get the same amount anyway? Will someone please explain this and tell me if I have got it completely wrong somehow?

Last edited by hedgewitch; 04-05-2009 at 9:24 AM. Reason: missed word
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# 7
margaretclare
Old 04-05-2009, 9:58 AM
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Hello hedgewitch

It's an interesting philosophical dilemma, and different people will have different views on it.

My personal view is that there is a changing ethos. Those of us who were brought up to pay our way and to have a pride in working for what we got, are a generation that is passing. The ethos now is 'what can I claim, what am I entitled to?' You have put your finger on the crux of the problem - what is the point etc.

Well, for the likes of me, there is a point. I've lost count of the number of times I have been urged to claim pension credit. DH and I can't claim it anyway because of our joint income being too high - although we're not rich, we're not poor enough for pension credit!

People have said to me 'why did you go on working, you could have got...' But to be within the limits of pension credit we'd also fall within the means test. My personal belief is that it's better to be outside the means test altogether. I don't want to be told what I'm entitled to - I've always preferred to earn it for myself. For someone who grew up in poverty, the kind of poverty that no one sees nowadays, but also with the pride of standing on my own feet and paying my way, there is no contest. Others will vehemently disagree. You've opened a real can of worms!
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# 8
EdInvestor
Old 04-05-2009, 11:41 AM
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Quote:
Originally Posted by hedgewitch View Post
So what is the point in working hard and making extra payments, or in making top-up payments, when you are going to get the same amount anyway? Will someone please explain this and tell me if I have got it completely wrong somehow?

The big difference is the means test of course - your income is yours by right, with no officials looking into your affairs.But you are right that for those people who have not saved to a level that is well clear of the pension credit limit ,it can be difficult to understand why they bothered. The situation may improve in the future as more and more people retire with a full record for SERPS/S2P,which can easily double the basic state pension, and put clear blue water between those who've worked and saved and those who haven't.
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# 9
margaretclare
Old 04-05-2009, 11:56 AM
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Quote:
Originally Posted by EdInvestor View Post
The big difference is the means test of course - your income is yours by right, with no officials looking into your affairs.But you are right that for those people who have not saved to a level that is well clear of the pension credit limit ,it can be difficult to understand why they bothered. The situation may improve in the future as more and more people retire with a full record for SERPS/S2P,which can easily double the basic state pension, and put clear blue water between those who've worked and saved and those who haven't.
This is the difference for DH and me. We get pensions income as individuals - for pension credit we'd be assessed as a couple. We also each get income based on our previous employments - SERPS and annuities. DH is one of those people whose SERPS easily doubles his basic state pension and he also has a valuable annuity.

I would hope that more people would benefit from these additions in time to come, but with the current, more common, thinking that 'it's not worth it because you get it anyway', I am not too sure. 'To get it anyway' you have to have, as Ed puts it, officials looking into your affairs, but fewer people seem bothered by that.
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# 10
davetmann
Old 24-06-2010, 3:52 PM
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Default pension credit entitlement

Hi
I'm 59 yrs of age and will 60 in February, 2011. I'm aware that Labour introduced some new measures before they left office but will I be able to claim pension credits when I reach 60?
Ta.
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# 11
anmarj
Old 24-06-2010, 5:01 PM
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Quote:
Originally Posted by davetmann View Post
Hi
I'm 59 yrs of age and will 60 in February, 2011. I'm aware that Labour introduced some new measures before they left office but will I be able to claim pension credits when I reach 60?
Ta.
no because of the age change for women the age in which you can claim is going to be slightly later

The age from which you can get the Guarantee Credit the qualifying age is gradually increasing from 60 to 65 between April 2010 and 2020. To find out the age when you can apply for Pension Credit, you can use the State Pension age calculator.

http://pensions.direct.gov.uk/en/sta...lator/home.asp

you need to put your gender in as female if you are male iykwim
still happily married and mummy to one

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