📨 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 - Savings issue -

Options
13»

Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Third Anniversary 10 Posts Name Dropper
    edited 16 January at 10:40AM
    Came across this 

    Pension Credit (ageuk.org.uk)


  • KxMx
    KxMx Posts: 11,138 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes, personal injury compensation is disregarded from means tested benefits for 52 weeks.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Third Anniversary 10 Posts Name Dropper
    edited 4 October 2024 at 10:26PM
    KxMx said:
    Yes, personal injury compensation is disregarded from means tested benefits for 52 weeks.
    Thanks ,there is some conflicting information online .. Some say it is disregarded only if it is held in a " trust" also would the Pension credit people need to be informed about the payout or will they automatically know ?

  • HillStreetBlues
    HillStreetBlues Posts: 6,122 Forumite
    1,000 Posts Third Anniversary Homepage Hero Photogenic
    edited 29 January at 1:06PM
    KxMx said:
    Yes, personal injury compensation is disregarded from means tested benefits for 52 weeks.
    Thanks ,there is some conflicting information online .. Some say it is disregarded only if it is held in a " trust" also would the Pension credit people need to be informed about the payout or will they automatically know ?

    PI are disregarded for 12 months from date of first payment , if put in a Trust then it's disregard indefinitely 
    Let's Be Careful Out There
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
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K 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.