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PENSION CREDIT

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4 years 2 weeks ago #258239 by Wolf1
PENSION CREDIT was created by Wolf1
Hello, not sure whether you will be able to answer this query: I am the appointee to my mother-in-law. I only just found out that pension credit is means-tested. She went over the threshold in September 2020 - I will call the DWP to report this and am now wondering how far back they will want to see bank statements. Any idea please? Many thanks and apologies if I am asking the wrong questions. Thanks

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4 years 2 weeks ago #258243 by Gary
Replied by Gary on topic PENSION CREDIT
Hi Wolf

You are not asking the wrong question. It would depend on which threshold you are talking about; £10k or £16k.

From a DWP perspective, they would want to see bank statements from when her savings went over £10k, once savings go over £10k for pensioners, they will be subject to tariff income.

Tariff income for every bundle or part bundle over £500 the claimant would loose £1.00 in benefit. Once her savings go over £16k then she would loose PC entitlement.

Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems

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