We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Pension Credit & Inheritance

Options
I have received a large sum from inheritance.  I will be using it to pay off our mortgage, credit card bills etc with a small amount left (under £10000).

Will my husbands pension credit be stopped.

Comments

  • calcotti
    calcotti Posts: 15,696 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    There are no capital limits on Pension Credit (unlike working age benefits) so there is no automatic end to PC. However any capital over £10,000 will reduce the PC payable by £1/week for every £500, or part thereof, over £10,000. The money will be taken into account while in your possession.

    if you are going to immediately use the money to pay off debt etc then the correct thing to do is to then inform PC of the inheritance and provide details of how the money has been spent. A DWP decision maker will then have to decide if the the expenditure was reasonable.
    Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.4K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.