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How much savings
pigsty213
Posts: 9 Forumite
How much savings are you allowed if receiving housing benefit and income support, ie free prescriptions etc and under 65 years old.
How much are pensioners allowed to have in savings if they are on benefits
How much are pensioners allowed to have in savings if they are on benefits
0
Comments
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Horseunderwater wrote: »under 65 = £6k - the £1 for every £250/part thereof to £16k.
65+ = £10k - then every £1 for every £500 to £16k currently.
Actually this is not quite right
Under the qualifying age for state pension credit = £6000 and then £1 for every £250/part of up to £16000 is counted as income.
Those of qualifying age for state pension credit = £10000 - then £1 for every £500/part of up to £16000.0
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