Savings Question!

squibbs25

I'm not sure if i have posted this in the correct place, if i haven't please move

I just have a quick question on behalf of my grandmother who's 90.

She is currently in reciept of a state pension which is topped up with income support, does anyone know what the max amount she is allowed in savings.

She has recently sold her home and bought a bungalow. And has approx £9000 left after paying all fee's ect.
From the monies she also has to pay for new furniture, washing machine, fridge freezer ect.
She's not sure if this will affect her income support.
Any advice will be greatly appreciated.

Thanks In Advance.

Squibbs

dunstonh

http://www.thepensionservice.gov.uk/pensioncredit/entitled.asp

Your savings

When working out the amount of Pension Credit you might get, we don't need to know about any interests or dividends you get from your savings. Instead, we look at the amount of savings you have and count £1 a week as income for every £500 or part of £500 over £6,000. (This figure is over £10,000 if you live permanently in a care home).
The savings and investments we take into account include:

• Money in a bank, building society or post office account
• Any savings you or your partner keep at home
• National Savings Certificates and Premium Bonds
• Investments like ISAs and PEPs
• Shares or unit trusts
• Income bonds, capital bonds or granny bonds
• Property and land (but not including the place where you normally live)