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Assessed income period post April 2016
mad_spaniel
Posts: 220 Forumite
I have read up a bit about Assessed income periods.I understand that my Mum who is aged 86 has had an indefinite assessment period from age 75 which has meant that changes to capital have made no material difference to her Pension credit . As capital has only increased from 2010 when she got Attendance allowance, there should be no problem with capital increase at least up to April 2016 I've also read that post April 2016 there have been some changes to assessed income periods. Am I right in thinking that if capital is over £10,000 now there is still no change as long as Mum stays out of hospital or a care home? Or does she need to let DWP know for tariff income to start?
Clarification would be gratefully received. Also any links to anything that confirms the situation. Thanks
Clarification would be gratefully received. Also any links to anything that confirms the situation. Thanks
0
Comments
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From AgeUK
10.1 Assessed income periods
Assessed Income Periods (AIP) have the effect of limiting the change of
circumstances that you need to report with respect to your PC claim. In
effect they set a period of time in which you do not need to report a
change in your capital or private pension. However, for all new claims
made to PC after 6 April 2016 no new AIPs will be set.
If you have an existing AIP it will be phased out. If you have one ending
between 6 April 2016 and 31 March 2019 it will either come to an end on
the set date, or it will be terminated early by you reporting a change of
circumstances. Examples that would bring your AIP to an end include
going into a care home or you start living with a new partner.
If you have an AIP that extends beyond 31 March 2019 it will be
terminated early. The Pension Service will write to you to notify you of
the date your AIP will end.
You will be expected to report all change of circumstances, for example,
an increase in your capital or an increase in your private pension, if
applicable.
If you are over 75 it is likely that you have an indefinite AIP. The Pension
Service will not terminate these early. It will only be terminated when you
report a change of circumstances, for example, you go into a care home
or you start living with a new partner.0 -
The never ending aip still stands so the increase does not need to be reported, unless a life changing event I.e care home happens then the AIP will end and no new one would be set and then she would have to report all changes in income/capital0
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anmarj ( or any other poster knowledgeable about DWP processes)
What do you make of the situation here?
https://forums.moneysavingexpert.com/discussion/54961000
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