Submitting online Pension credit claim form : heading "Money"

emmachizit

Sorry : I should have made it clear that my remarks are about the Pension Credit claim form that can be completed and submitted online.
 Pension Credit claim form under "Money  Tell us what accounts accounts or investments you have. What is the total amount of money you have today? "
I have NS&I index linked savings certificates held in joint names with my daughter.
In the Pension Credit claim form under "Money  Tell us what accounts accounts or investments you have. What is the total amount of money you have today? "
Do I include the whole amount in NS&I index linked savings certificates held jointly with my daughter do I include only half the total amount because they're jointly owned with my daughter ?

Also : for  "  What is the total amount of money you have today?"  do I include the savings with my bank and cash in my bank current account ?

JoeCrystal

emmachizit, have you read the guidance notes for your claim form? It is pretty self-explanatory. I cannot comment on money held jointly with another person however.

https://assets.publishing.service.gov.uk/media/65240d0b2548ca000dddefba/pc1-notes.pdf

Check page 9, 10 and 11

If you got more than £10k in savings and investments, then you need to fill another form as well https://assets.publishing.service.gov.uk/media/654d56b8014cc900106773a9/pc1h-money-savings-investments.pdf

As for your latter question, yes, of course you should.

xylophone

https://www.ageuk.org.uk/globalassets/age-uk/documents/factsheets/large-print-factsheets/fs48-lp-pension-credit.pdf

Page 24

Example

If you and your son have a joint bank account of £10,000, you are normally assessed as each owning £5,000.

But

Who provided the capital to buy the bonds? You? Your daughter? Who is the beneficial owner? You may be asked to clarify?

https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim2420

p00hsticks

I can't comment on the Pension Credit form, but for probate purposes, my understanding is that how a joint account is treated depends on who the money in the account came from - DWP may follow the same sort of guidelines. 

If you are the only one funding the account then the money is treated as purely yours. If both you and your daughter fund the account, then you are considered to have half each. 

westv

I've never seen the form but a friend of mine's parents found it difficult to fill in and had to seek advice from the local CAB. I'm sure this isn't unusual.

JoeCrystal

westv said:

I've never seen the form but a friend of mine's parents found it difficult to fill in and had to seek advice from the local CAB. I'm sure this isn't unusual.

In case you actually want to look at the form, here is the link below

https://assets.publishing.service.gov.uk/media/6582f7c4ed3c3400133bfc8f/pc1-interactive.pdf

I read through it, just in case, and it is pretty straightforward. I would admit there are a lot of questions, but that does make sense, given the vast range of situations that the claimants may be in.

It did say, Please check the notes for what we mean by savings and investments and enter the amount.

As far as I know, if you have more than £10k in savings, investments, other properties, and lands, you must complete a separate form. It should be straightforward for emmachizit, provided the assets worldwide are under £10k.

emmachizit

Thanks for your help.
The Pension Credit claim form designed to be completed online seems very different from the one published at https://assets.publishing.service.gov.uk/media/6582f7c4ed3c3400133bfc8f/pc1-interactive.pdf
eg  the  pension credit claim form published at
https://assets.publishing.service.gov.uk/media/6582f7c4ed3c3400133bfc8f/pc1-interactive.pdf
requires anyone with savings over £10,000 to complete and send in form PC1H - 

emmachizit

The Pension Credit online claim form is here https://www.gov.uk/pension-credit/how-to-claim
I can't find a link to a blank form - the only way to see it seems to be by filling it in online?

emmachizit

Apologies :  I should have made it clear my questions are about the online pension credit claim form.

JoeCrystal

emmachizit said:

The Pension Credit online claim form is here https://www.gov.uk/pension-credit/how-to-claim
I can't find a link to a blank form - the only way to see it seems to be by filling it in online?

Ah, you can find it under this heading on your link:

Apply by post

To apply by post, print out and fill in the Pension Credit claim form or call the claim line to request a form.

Send the claim form to the Pension Service, or ask someone to do it for you.

Freepost DWP Pensions Service 3

It is for people who do not want to claim on the phone or online. You can type all the information on the PDF, print the filled-out form, and send it via post. In contrast, following the questions may take longer but is much easier. 

EDIT: I see my answer is pretty redundant then since you're making an online application instead, sorry about the confusion.

emmachizit

The online Pension Credit form is a very poor substitute for the proper paper form with full explanations  - does anyone know how to correct or cancel an erroneous online Pension Credit claim form when you can't get through on the phone?