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Deferred State Pension Lump Sum treated as capital?
ennnceee
Posts: 31 Forumite
That's it, really. A friend of ours recently applied for Help with Health Costs, having received a few months before a DSPLS. The application was rejected on the grounds that it was/is over £16,000 and that it's treated as capital. Seems unfair to me, isn't income, per se, is state pension to last for rest of life.
Filiss
0
Comments
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No it’s not income but it is capital and will be taken into account as such.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.1
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If he wanted it as income he should have taken it as increased pension and not a lump sum. If it is in his bank account it is capital.
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If they are on a low income have they checked entitlement to Pension Credit?ennnceee said:That's it, really. A friend of ours recently applied for Help with Health Costs, having received a few months before a DSPLS. The application was rejected on the grounds that it was/is over £16,000 and that it's treated as capital. Seems unfair to me, isn't income, per se, is state pension to last for rest of life.
Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.1 -
Yes, Calcotti. Thanks all, fair enough, it is capital, then.Filiss0
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