Can you claim Pension Credit and over 80's pension?

ha12roon

Hi, can anyone advise me as to the implications of my Grandmother applying for the over-80's pension worth i believe £58.50.

She currently receives pension credit of £132.60 and housing benefit of £73, and has only a few hundred pounds in savings.

From my basic understanding she will have the additional pension classed as taxable income, but can anyone suggest any financial implications on her other benefits.

I would like to know before i complete the forms for her as i obviously don't wish her to be worse off than she is now.

Many thanks for your help:A

tanith

Is your Grandmother already receiving a State Pension ? If so the over 80's pension you mention only makes up the difference from a pension lower than £58.50 to that figure. If not then she will get a basic figure of £58.50.. someone else will be able to tell you what affect this will have on her benefits..

This might help you http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/DG_10018948

ha12roon

She only receives the Pension Credit, not the State Pension not enough NICs i think.

Thanks for the link Tanith, seems she is will get the £58.50, will have to try to research effect upon her other benefits.

Alter_ego

Probably no net effect then, her PC will prob reduce by the new pension amount.

pandaspot

Is she receiving the guarantee credit element or the saving credit element of pension credits?

allen35

With stating income of £132.60 it can be expected it is guarantee

pandaspot

Well if it's guarantee then there won't be any changes in her benefit at all until at least the pension credit review date

anmarj

pandaspot wrote: »

Well if it's guarantee then there won't be any changes in her benefit at all until at least the pension credit review date

The state pension would alter the Pension Credit as it is not disregarded as income and not classed as retirement income for review purposes, but if PC and SP are her only two forms of income then the amount paid would be same but paid by different benefits

parsnip27

she would be no better off for claiming it as her total income will still be £132.60,