pension credit and state pension

fiesta04

A question about this quote

seven-day-weekend wrote: »

Pension Credit makes up your income to

• single person £142.70
• couple £217.90

If your income from all sources is already at that level or more, you don't get it.above.


If you qualify for PC, you will also get rent and Council Tax paid.

Hope this helps.

If you had a total weekly income of £143 Would you not get Council Tax paid?

F4

annie1975_2

seven-day-weekend wrote: »

Pension Credit makes up your income to

• single person £142.70
• couple £217.90

If your income from all sources is already at that level or more, you don't get it.

You need to have reached womens' State Pension age to get it .

So to qualify you need to have reached the appropriate age AND have an income from all sources which is less than stated above.

So, if you are single and have a State Pension of £100 a week, and no other income,you will also get £42.70 Pension Credit.

If you qualify for PC, you will also get rent and Council Tax paid.

Hope this helps.

So if you get state pension and pay into a private pension most of your life which pays £43a week,you wont get pension credit.?

Torry_Quine

annie1975 wrote: »

So if you get state pension and pay into a private pension most of your life which pays £43a week,you wont get pension credit.?

That's correct.

annie1975_2

You always get punished for trying to make a better life for yourself.When in fact you end up worse off.

hugheskevi

So if you get state pension and pay into a private pension most of your life which pays £43a week,you wont get pension credit.?

With an income of £143 p/w you would still get Pension Credit if aged over 65.

Unless you are entitled to certain premia (eg disability), you would however only receive the Saving Credit component of Pension Credit. That is paid on income up to £189 per week, more if you are entitled to premia.

If you had a total weekly income of £143 Would you not get Council Tax paid?

Receipt of the Guarantee Credit component of Pension Credit would passport you to full Council Tax benefit.

However, you can still receive Council Tax Benefit without receiving Guarantee Credit component of Pension Credit.

margaretclare

annie1975 wrote: »

You always get punished for trying to make a better life for yourself. When in fact you end up worse off.

No, you do NOT 'always get punished....' It all depends on how you look at things. If you've always been independent, paid your own way, come from a long line of people who stood on their own two feet and were proud of being independent and paying their own way, it becomes ingrained in you. You continue to have that pride and independence and you're happy that what you have is your own, you worked for it, you earned it, and you need account to nobody for what you do with it, how you live or how you spend it .You don't have to go cap-in-hand to any government busybody asking for your 'entitlements'.

annie1975_2

margaretclare wrote: »

No, you do NOT 'always get punished....' It all depends on how you look at things. If you've always been independent, paid your own way, come from a long line of people who stood on their own two feet and were proud of being independent and paying their own way, it becomes ingrained in you. You continue to have that pride and independence and you're happy that what you have is your own, you worked for it, you earned it, and you need account to nobody for what you do with it, how you live or how you spend it .You don't have to go cap-in-hand to any government busybody asking for your 'entitlements'.

Yes we have always paid our own way,stood on our own 2 feet,.
The point I am making is people do without things to pay into these pensions,to be no better off than those thats paid naff all in.
Not only that you end up paying for everything else as well,council tax,glasses,dentist,the list is endless.

margaretclare

annie1975 wrote: »

Yes we have always paid our own way,stood on our own 2 feet,.
The point I am making is people do without things to pay into these pensions,to be no better off than those thats paid naff all in.
Not only that you end up paying for everything else as well,council tax,glasses,dentist,the list is endless.

I am not too worried about what other people do/don't do, what they get/don't get. I can't live my life on the basis of envying others. The hoops they have to jump through to get these things are not what I'd want to do. We are 'better off' because there are the 2 of us, each with our own pensions and annuities. We live how we want to live. No one tells us what to do. We live simply but we live comfortably, and that's the way we like it.

As for glasses, dentist etc, DH and I paid into something called HSA, now SimplyHealth. We still pay into it, have done for donkey's years, but we've had a lot back out of it.

seven-day-weekend

Agree absolutely MargaretClare. A relative of mine has got to go for an interview about her Pension Credit, to answer questions about her financial affairs. She has got to say what she spent this money on, why she booked a flight on this date etc, etc. We claim no means-tested Benefits and have to answer to no-one. Can spend our money, where, when, how and on whom or what we like.

I'm glad I paid my own way and don't envy my relative her Pension Credit in the slightest.

annie1975_2

margaretclare wrote: »

I am not too worried about what other people do/don't do, what they get/don't get. I can't live my life on the basis of envying others. The hoops they have to jump through to get these things are not what I'd want to do. We are 'better off' because there are the 2 of us, each with our own pensions and annuities. We live how we want to live. No one tells us what to do. We live simply but we live comfortably, and that's the way we like it.

As for glasses, dentist etc, DH and I paid into something called HSA, now SimplyHealth. We still pay into it, have done for donkey's years, but we've had a lot back out of it.

Well maybe not everyone can afford to pay into things like HSA,have you thought about that?
And considering your not too worried about what other people do/dont do you have always got plenty to say.