Maximum savings - DLA, Pension recipient

HillStreetBlues

poppy12345 said:

HillStreetBlues said:

Alice_Holt said:

As she is in receipt of Pension Credit, then the important savings / capital number is £10k. 
Above this, and she will need to notify the DWP of her savings. They will then apply a tariff income calculation that will reduce her PC.
If she fails to notify the DWP of savings over £10k, there will be an overpayment of PC occurring (which the DWP will seek to recover once they become aware of it).

Since PC automatically passports her to HB, CT reduction, etc it is probably sensible for her to keep below the £10k amount (you don't say how much savings she has).
She could do this my upping her day to day spending, more social activities, replacing old / worn household items, etc.

Age UK have a comprehensive fact sheet on PC:

https://www.ageuk.org.uk/globalassets/age-uk/documents/factsheets/fs48_pension_credit_fcs.pdf

Page 15-17 will answer your question.


Unfortunately, as Poppy has said, some of the information given by awindup is incorrect / misleading - you are better going to the links provided for accurate info.
   

Just to expand on Alice's post, it's full HB & CT reduction (minus any non-dependent deductions).

There wouldn't be any non dependant deductions if someone is claiming a qualifying disability benefit (as is the case here)

I only highlighted the pension credit part of it, so anyone else on reading this on PC  might have an deduction who hasn't got a disability benefit. As  we know people do read other's posts. Do agree it's doesn't apply to OP, and I could have made that clear.