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Pension Credit said that they were waiting for copy of bank statements to be received and as they hadn't received them within the 10 working days from their letter the claim was closed. Savings at the time were near £29k. Pension Credit calculator and "entitledTo" calculator both showed entitlement of Pension Credit albeit around £19 per week.
TV licence fee to rise by £5 a year to £174.50 from April 2025 – how to delay the hike. The annual cost of a standard colour TV licence will rise to £174.50 from 1 April 2025 – an increase of £5 on the current price of £169.50 a year – the Government has announced.
Beware: If you'll retire with no other pensions or sources of income, then boosting your State Pension might not be worth it. There is effectively a minimum-income guarantee for pensioners, called Pension Credit, though it has to be claimed. It tops up low-income pensioners' incomes to £218 a week (or more if you have caring responsibilities ...
I applied for PC in November 2023 by phone, checked 2 weeks later and they had no record of my claim so applied on line on 16/11/2023, received an email saying application received.(I reached retirement age on 19/1/2024)It was thrown out as they say I applied for my Pension after applying for PC....(applied for my Pension on 6/11/2023 have email to confirm.)They are not interested and had to ...
One thing to watch - if you increase your total income from below pension credit level to *just* above it, you can lose more than you gain, by losing the associated benefits that pension credit qualifies you for. It's a badly designed cliff edge in the tax and benefits system, which affects some less well off pensioners.
I'm a bit concerned about my Pension Credit payments in the future. I was in receipt of Pension Credit Guaranteed Credit up until last December when I had an Employment Tribunal decision in my favour so that my former employer had to pay me over £30K which meant that my wife and I had total savings which took us above the limit for Guaranteed Credit, and so now just receive Savings Credit of ...
TV licence fee to rise by £5 a year to £174.50 from April 2025 – how to delay the hike. The annual cost of a standard colour TV licence will rise to £174.50 from 1 April 2025 – an increase of £5 on the current price of £169.50 a year – the Government has announced.
Pension credit would be £9.5k. On the face of it, she is at least £3k better off with her pension(s) than being on Pension Credit. The complexity is that the benefits system is confused, so as well as Pension Credit, she'd then receive Council Tax support, one-off cost of living payments and some other possible entitlements.
single pensioner on pensions credit and related benefits; working adult child moving in to provide support; Are the pensioners pension credit payments affected as the child is working and getting a salary? I know it can affect council tax benefits but not sure about anything else but mainly thinking of pension credit as the big one.
My Mum has recently had a pension credit review and has overpaid and she owes £350 and her pension credit is being reduced by 23 pound a week. 3 different letters came last week and its all very confusing to be honest, so I am trying to get my head around it all and also phone them to pay the amount owed back asap, or arrange a repayment plan.