Pension Credits Deceased Grandparent

littlewing_uk

Hi allApologies if this is in the wrong section.
My grandmother died on Wednesday and my mother is the executor of her will.
My grandfather passed away in 2012, and everything of his went to my grandmother.
My grandmother has a state pension, pension credits, private pension of £16 a month, and that's it.
In her bank account she has approx £9k
Last week while she was still alive but incredibly I'll my mother found 27k hidden in the flat!
Now as part of probate we will declare this money. We knew that they had been keeping money in the flat rather than declare it, but thought it was in the hundreds certainly not the thousands!
So will the pensions people want the pensions credit paid back? If so how long for? We don't know if this was all nans, all grandads which became nans in 2012 etc. Working on current guidelines it would seem that £1 for every £500 savings added to her state and private pension wouldn't have exceeded the 190 a week limit and she could have probably banked the money anyway
My mom is worried that the pensions people will want loads back, more than we have and that mom will have to find the money somewhere

OldBeanz

1. Did your mother really find this money?

2. Debts on death cannot be passed on so they cannot come after money not in the estate.

littlewing_uk

HiYes she most definitely did find it. As much as I am sure most people would be tempted to "not find it", we can't do that. We just declare it

atush

Basically, all her pensions both private and state are now ceased.

So the money in question is 9K so any benefits she received would need to let you have this or more to be unaffected. Many are in the 16 K region I think, but the benefits forum would know for sure.


It is a sad fact that many older people either dont trust banks or cant get to them so squirrel money away. I am sure if you found the money and declare it, if it isn't over any limits for benefits I doubt they will claw any back.

xylophone

that £1 for every £500 savings

http://www.ageuk.org.uk/Global/Age-Cymru/Factsheets%20and%20information%20guides/FS48.pdf?dtrk=true

"Your capital will not affect your PC unless you have more than £10,000.
Every £500 or part of £500 of capital over £10,000 is assumed to give you a weekly income of £1 a week. This is called ‘deemed income’. For example, if you have savings of £12,200, a weekly deemed income of £5 is included in your income assessment.
The same limits apply for both single people and couples. If you have a
partner, their capital is added to yours."

Grandma had £26000 over £10,000?

McKneff

ooh heck.


I know I may be slated for this but Im not sure I could be as 'honest' as your mum.....


I wonder what the percentage of who would declare and who wouldn't would be....

noh

Do you need to apply for probate?
Is there any property or shares involved?

atush

Sorry I read you had found 9k, not 27K.

System

OldBeanz wrote: »

2. Debts on death cannot be passed on so they cannot come after money not in the estate.

They can, they do, and the money is in the estate.

OldBeanz

Clifford_Pope wrote: »

They can, they do, and the money is in the estate.

As in question1 I was wanting to ensure that the OP's mother really had found the money and it was her mother's. There is an innocent smilie.

mgdavid

Declare it to who, exactly?
Yes the found money can and will be included in the estate and the executors will deal with it accordingly.
The death will be registered, the various benefit agencies will be told about the death (may already have been) and therefore benefit payments cease immediately.
But I see no tie-up between the found money and the benefits agencies. AFAIK the latter do not see a copy of the will nor run any automatic checks after death.