Entitled to Calculator! Could this be correct?

greenview1

having checked my parents details on the "Entitled to" calculator the only income they have is my mothers state pension of £2.70 per week. They live off savings from the sale of there house two years ago. There outgoings exceed their income (interest on savings) therefore their savings are reducing rapidly.
Having entered allthe information carefully into the calculator and stating the savongs as £89,999 they would get £2.66 pension credit a week and would get their house rent and council tax paid.
If I enter the savings at £90,001 it says that they would not qualify for the £2.66 or the House rent or the council tax.
Is thee anyone out there whom would like the 2p so they can qualify or am I reding this situation wrong?

Gemmzie

I don't know the new Housing Benefit and Council Tax benefit cut off amounts but I would just check with the CAB.
It seems unlikely with that amount in savings.

It's £2 not 2p

dmg24

entitledto is getting more and more random at the moment, the other day it gave a single mum a benefit income of £2K a week! x

hurricanewyn

The limit for Housing/Council Tax Benefit is £16k. I'm not sure about Pension Credit

greenview1

Thanks Gemmzie for your reply. Sorry for the mistake. The calculator clearly states that they would qualify for Housing benefit and council tax or is it the case that there is a seperate criteria for qualification?

greenview1

Hurricanewyn, both my parents are over sixty years of age therefore I understand that the £16000 does not apply.

AirlieBird

Give The Pension Service's calculator a try.

The reason for the change is because every £500 of savings of part thereof equates to £1 of income so savings of £90,001 will be adding an extra £1 of income than savings of £89,999 would.

The Capital limit of £16,000 still applies, unless you qualify for Pension Credit guarantee. If you qualify for Pension Credit guarantee, you normally automatically qualify for Housing Benefit and Council Tax Benefit.

bigbill

Savings = £89,999

Ignored = £ 6,000

Leaves Capital = £83,999 (£84k)

£2 per £1,000 = £168 weekly (£84k x 2 )

Add mums pension = £ 2.70

Total Income = £170.70 weekly

P/C amount needed = £189.35 weekly

P/C Guarantee due £18.65 weekly + full rent and council tax

P/C charts taken for here

http://www.welfarerights.net/guides/charts.htm

greenview1

Thanks Airliebird for your reply. I have done pensions calculator as you suggest and it comes up with the same as the "Entitled To". Would you know the difference between "Pension Credit" and "Pension Credit Guarantee"?
Thank You very much

hurricanewyn

Pension Credit Guarantee is the Pension Service's equivalant (sp) of Income Support or jobseeker's allowance. If you're get these, you're automatically entitled to full Housing/Council Tax Benefit.
Savings Credit is the other element of Pension Credit - it's paid to people with a higher income/more savings

glossgal

Are you absolutely sure their joint income is only £2 per week?? Did your dad not have any income before the house sale? Not meaning to be personal, just that I've never come across such a low income for two people, I would make sure this is accurate just to be sure.

Pension Credit is payable though even with considerable savings if the income is low enough