Didnt declare savings

cheekyweegit

billywilly wrote: »

I'm not disputing what the OP has said. But if there was a Guaranteed Pension Credit award in place beit for 5 years (normal) of life (if they are old enough) AND the capital did not exist when the award was made, then they could have millions in the bank and still be entitled to their GPC as well as maximum HB & CTS. They would not have to disclose the increase in capital until the next PC review.


Additionally it appears that there is situation that the money may not belong to them. It may be someone else's money that is being held in their bank account for safe keeping.
On paper I am as poor as a church mouse, yet I have available cash funds elsewhere legally out of reach of any means tested calculations totaling in excess of £100,000! The opposite may apply to the OP.
As I have said, the OP hasn't given us enough info to make any judgement.

If the customer has a PCR (Periodic Case Review) they have to declare everything money wise but if they have an AIP (Assessed Income Period) usually set for 5 years they do not need to tell of monetary changes unless its a beneficial change. eg £15k in savings knocks £10 per week off Pension Credit and the buy a £6k car taking the savings to £9k which is below the £10k threshold. If they do not report this change within one month of the change they carry on taking the £10 off the Pension credit until notified of the change. If after the month then the change only gets taken into account from the next pay day.

The savings thing is really important to notify Pension Credit of particularly where care home fees are involved as capital diminishes pretty quick here.

NYM

cheekyweegit wrote: »

In my line of work I'm quite partial to the date 06.10.2003. I think some posters on here may recognise it.

:j tell me, tell me...


...please

cheekyweegit

NYM wrote: »

:j tell me, tell me...


...please

If I did I'd need to ..........................:eek:

NYM

cheekyweegit wrote: »

If I did I'd need to ..........................:eek:

spoilsport...:(

cheekyweegit

NYM wrote: »

spoilsport...:(

Are you one of us?or should I say them?

NYM

cheekyweegit wrote: »

Are you one of us?or should I say them?

I am...UNIQUE

.....and very inquisitive

konark

Originally Posted by cheekyweegit
In my line of work I'm quite partial to the date 06.10.2003. I think some posters on here may recognise it.

It's the date 'The Housing Benefit and Council Tax Benefit (State Pension Credit) Regulations, 2003' came into force,

and I claim my £5!

NYM

thanks
I wouldn't have been able to sleep trying to figure out the significance of that date.

...now I just need to know what line of work Cheeky is in..:think:

abrockall

You will be prosecuted as a criminal in a crown court. Magistrates can't deal with an amount like this.
Yes you will have to pay back the overpayment!
Yes you can pay by installments.
Yes bailiffs will take your goods if you don't pay.

Personally you make me feel sick. If I even had the minimum £8,000 I would not be claiming benefits.
Shame on you while we struggle to buy gas and food

seven-day-weekend

They' forgot' they had £50k?

It's May 1st, not April 1st.