Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    jbatista
    Pension Credit Overpayment (Deceased Estate)
    • #1
    • 24th Aug 07, 6:05 PM
    Pension Credit Overpayment (Deceased Estate) 24th Aug 07 at 6:05 PM
    Advice from you lovely people please,
    As some of you may or may not know my dad passed away end of April, leaving his whole estate to me, with his solicitor as executor.
    Anyway probate has now been granted, I received a call from the Solicitor today saying that all dads details had been sent away to DWP, a letter from the DWp had arrived today saying that Dad had not declared to them since 2003 that he had more savings than he actually had. He had an account with £3000 in it with National Savings which he never told anyone about. At the time of his death his savings were no more than £13000.
    What will happen and how much will have to be paid back (hundreds or MORE )
Page 1
    • cattie
    • By cattie 24th Aug 07, 7:19 PM
    • 7,615 Posts
    • 5,125 Thanks
    cattie
    • #2
    • 24th Aug 07, 7:19 PM
    • #2
    • 24th Aug 07, 7:19 PM
    Nobody but the DWP will be able to tell you how much needs to be paid back. They will do a calculation of any overpayments, which will be submitted to the solicitor, then the deduction made from the estate before your inheritance is handed over to you.

    Lots of elderly people don't declare everything, but the taxman or dwp always claim their due before the estate is wound up.
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
  • real1314
    • #3
    • 25th Aug 07, 6:34 PM
    • #3
    • 25th Aug 07, 6:34 PM
    Rough calc: £3000 = £6 per week reduction in Pension Credit Guarantee Element.

    £6 x 52 weeks x 4 years = £1248.00 overpaid.
  • jbatista
    • #4
    • 26th Aug 07, 4:20 PM
    • #4
    • 26th Aug 07, 4:20 PM
    Rough calc: £3000 = £6 per week reduction in Pension Credit Guarantee Element.

    £6 x 52 weeks x 4 years = £1248.00 overpaid.
    Originally posted by real1314
    OMG-I didnt think that it would be that much!!!
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,800Posts Today

7,197Users online

Martin's Twitter