Max savings for Pension Credit
in Benefits & tax credits
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I am looking into Pension credit for my Father and Mother in law (both 90+)
They do have savings and he receives a small private pension on top of his state pension
She receives a minimum state pension
What is the maximum savings allowed before Pension Credit is affected ?
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If both have a disability benefit they could get joint Severe Disability Premiums.
Calculators, if used properly, should pick this up.
Attendance Allowance would add the Severe Disability Premium to the Pension Credit threshold if they both receive it and no one claims Carer's Allowance or Carer's Premium for caring for them.
Attendance Allowance is all about personal care needs but it does not matter if they are not actually receiving any care. It's highly unlikely that either of your parents would need an assessment. Normally it is just the answers to the application form which are considered.
You can complete an online PDF form, save it and then print it off to send to the Attendance Allowance people. I found it quite easy. Have a look at it and see if you can persuade them to apply. https://www.gov.uk/attendance-allowance
It's also possible if they were to each receive Attendance Allowance, that they could both claim Carer's Allowance for caring for each other. They wouldn't actually receive the money but would have an underlying entitlement to Carer's Allowance and this would again add an increase to the Pension Credit and they would still qualify for the SDP because it's only an Underlying Entitlement to Carer's Allowance.
Receiving Pension Credit, even if only less than a £1 per week will passport them to other benefits like free Council Tax. Also free TV licence because they are over 75 years old.