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What is income?

Hello,

I have been told that banks and credit agencies do not count benefits and pensions as income, is this true? Also in that case, can anyone tell me whether they class a monthly guaranteed income payment as part of the armed forces compensation scheme, which is not a pension, as income? If they don't then technically I have no income at all in terms of repaying credit :(

Comments

  • lincroft1710
    lincroft1710 Posts: 19,332 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I can't see why banks wouldn't class a pension as income.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
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