Pension Credit

princessdon

Horseunderwater wrote: »

Nobody needs to sell a home when claiming PC as it is not counted as income.
Capital limits for PC are £10k-£16k in savings.
If you still have a mortgage in retirement that needs to be paid you can get help with the interest on the originally borrowed amount of capital of 3.63%.
Should you be in either Social or private rented - then you will get help with housing benefit.
And I think still get 100% of CTax paid as these were protected under the new changes.
PLEASE get the facts right.

Please get facts right indeed!


Your capital limits for pension credits are wrong.

That is why some (myself included think it is wrong).

To give a real life example. Gran is just over PC limit for income due to private pension and , with savings over £16k by a small amount. Therefore pays full council tax and rent.

If she was eligible for GPC, then she would not pay council tax or rent, as they don't use the 16k limit.

She is from April over £700 pm WORSE off (until her house sells) than she would be if she had not paid into her tiny personal pension.

Icequeen99

princessdon wrote: »

Please get facts right indeed!


Your capital limits for pension credits are wrong.

That is why some (myself included think it is wrong).

To give a real life example. Gran is just over PC limit for income due to private pension and , with savings over £16k by a small amount. Therefore pays full council tax and rent.

If she was eligible for GPC, then she would not pay council tax or rent, as they don't use the 16k limit.

She is from April over £700 pm WORSE off (until her house sells) than she would be if she had not paid into her tiny personal pension.

I agree re the pension credit limits

If your Gran is just over the GPC threshold, then she will qualify for the savings credit part in which case they should use DWP figures for CTB?

IQ

princessdon

Icequeen99 wrote: »

I agree re the pension credit limits

If your Gran is just over the GPC threshold, then she will qualify for the savings credit part in which case they should use DWP figures for CTB?

IQ

She's an anomaly IQ as owns a home, now in sheltered accommodation via social housing, (sold but the chain held up somewhere, and taking forever), plus 2nd home rebate now gone for CTB etc. more her circumstances right now, as opposed to long term.

sleepless_saver

mysterywoman10 wrote: »

My mum-in-law gets a small private pension on top of her state pension does get some housing benefit, council tax etc. but not all. But she says although she gets £3 or something pension credit she doesn't get free dental treatment for example? She has no savings though.

If she was getting guarantee pension credit then she would be entitled to free dental treatment, so she must be getting savings pension credit. It's very confusing as you don't need to have savings to get savings pension credit - a small pension will do the trick as your mother in law has discovered.

But if she has a low income she can apply under the NHS low income scheme http://www.nhs.uk/NHSEngland/Healthcosts/Pages/help-with-health-costs.aspx and if her income is low enough she will get reduced or free treatment.