Help needed with pension credit and work

Oddjob

Hi, I used to trade at events and still have stock left that is costing me money for storage.

I would like to do some events to sell it off.

I'm sure I read somewhere that you can earn up to £140 per week without it effecting Pension credit.  

I'm not going to be working weekly, so I take it this can be averaged out over the year?

I am only looking to do three events over the year.

I have nowhere near the limit of savings I am allowed so would not be going over that.

I have to run my vehicle, which is in storage at the moment, pay for storage of the goods, would have event rent to pay etc so would actually make less than the average of £140 a week.

What effect would it have on my Pension Credit as I don't want to lose it.

When I mentioned to the Age UK advisor when I first went on to Pension Credit that there might be a chance of me earning a small amount, she said not to bother telling Pensins people unless it was going to be a regular thing as it messed up their calculations if it wasn't  set amount a week/month.

I hope I have made sense.

TIA

Marcon

I think you'll get more help on the Benefits board and have asked for this thread to be moved to https://forums.moneysavingexpert.com/categories/benefits-tax-credits?utm_source=community-search&utm_medium=organic-search&utm_term=benefits

sheramber

There does not seem to be any  fixed  income amount you can earn when on PC 

It is based on your weekly income limit £227.10 if you are single or £346.60 if a couple. 

If your self employed income takes your total income over the limit you will not be eligible for PC .

If your total income including your self employment is less than the limit  then your PC amount will be  the amount necessary  to reach  your  eligible limit

. https://www.gov.uk/pension-credit/eligibility

Robbie64

The earnings disregards for Pension Credit are the same as those for Income Support and JSA and were set as far back as 1988 when Income Support (the forerunner to pension Credit) was introduced. For a single person, the normal disregard is £5 a week and for a couple it is £10 per week. In certain circumstances it can be £20 per week (eg receiving AA).

See https://www.gov.uk/government/publications/pension-credit-technical-guidance/a-detailed-guide-to-pension-credit-for-advisers-and-others#income-disregards