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Pension Credit - Charitable Trust as capital?
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CLUELESSABOUTCASH
Posts: 17 Forumite
Is receiving annual payments (a sum previously paid quarterly each year) from a Charitable Trust (Discretionary Payment in respect of a War Widow's Pension Fund) treated as capital when the recipient is on Pension Credit?
Just want to make sure, but it appears not going by Leaflet BP1 on gov.uk website.
Just want to make sure, but it appears not going by Leaflet BP1 on gov.uk website.
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Comments
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It's treated as income, and rightly so.Overactively underachieving for almost half a century0
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NotSuchASmugMarriedNow wrote: »It's treated as income, and rightly so.
Therefore fully disregarded (as capital), since it is used in the calculation of pension credit entitlement as income?0 -
Charitable income is disregarded as income but if its left hanging around in a bank account it is treated as capital. If it is left in a bank account and not spent why is that person depriving someone of cash that they might need?I enjoy flower arranging, kittens, devil worship, the study of serial killers and their methods and road kill jigsaws.0
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