General Chat

Top tip - using the Genes Reunited community

Welcome to the Genes Reunited community boards!

  • The Genes Reunited community is made up of millions of people with similar interests. Discover your family history and make life long friends along the way.
  • You will find a close knit but welcoming group of keen genealogists all prepared to offer advice and help to new members.
  • And it's not all serious business. The boards are often a place to relax and be entertained by all kinds of subjects.
  • The Genes community will go out of their way to help you, so don’t be shy about asking for help.

Boards

Quick Search

Single word search

Tools

Findmypast DNA Banner

Icons

  • New posts
  • No new posts
  • Thread closed
  • Stickied, new posts
  • Stickied, no new posts

benefit rules

Login to Add Reply Watch This
ProfilePosted byOptionsPost Date

Little Lost

Little Lost Report 27 May 2010 17:34

have they changed the amount of money you can have in the bank before it affects your benefits??? I was asked this today by an elderly person who thinks it was £6,000 and now they have changed it to £10,000 so that pensioners can have more savings. Does anybody know if this is true please?

Rambling

Rambling Report 27 May 2010 18:08

found at
http://www.direct.gov.uk/
en/Pensionsandretirementplanning/
PensionCredit/DG_180168

Income that is counted towards Pension Credit
The amount of Pension Credit you get depends on how much money you have coming in each week and how much you have saved or invested.



The following types of income are taken into account when calculating your Pension Credit:

State Pension (including basic State Pension and additional State Pension)
occupational and private pensions
most social security benefits like Carer's Allowance
£1 a week for every £500 (or part of £500) of 'capital' you have over £10,000 - capital includes savings and investments, and property that's not your main home
earnings after tax and expenses from employment or self-employment, less half of any company or personal pension contribution you make
In this year’s budget the chancellor announced that the £6,000 capital disregard will be increased to £10,000 for all from 2 November 2009.

Researching:

Little Lost

Little Lost Report 27 May 2010 18:35

thank you rose. Wasnt sure if they were correct or not.