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How much savings allowed
roy_harper
Posts: 237 Forumite
Currently receiving pension credit. I don't have any other income. How much could I be allowed to save - is it £6,000 per annum please?
0
Comments
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Don't think that there's any limit on how much you can save per week/month/year, but pension credit will be reduced when you have £10,000 in total savings - for each £500 it reduces by £1/week.
This is, of course, just considering PC in isolation, your personal circumstances are almost certain to be more nuanced than this.1 -
If you don’t mind me asking, how are you able to achieve £6k per annum of savings while on pension credit? Do you have very low outgoings?1
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