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Pension Credit Overpayment (Deceased Estate)
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# 1
jbatista
Old 24-08-2007, 6:05 PM
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Default Pension Credit Overpayment (Deceased Estate)

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 )
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# 2
cattie
Old 24-08-2007, 7:19 PM
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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.
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real1314
Old 25-08-2007, 6:34 PM
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Rough calc: 3000 = 6 per week reduction in Pension Credit Guarantee Element.

6 x 52 weeks x 4 years = 1248.00 overpaid.
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# 4
jbatista
Old 26-08-2007, 4:20 PM
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Quote:
Originally Posted by real1314 View Post
Rough calc: 3000 = 6 per week reduction in Pension Credit Guarantee Element.

6 x 52 weeks x 4 years = 1248.00 overpaid.
OMG-I didnt think that it would be that much!!!
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