ivan burit
Joined: 26 Dec 2006
Posts: 2568
Location: YO HO - HO, welcome to Sunny Jaywick..
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 Posted: Wed Nov 04, 2009 9:56 pm Post subject: Pension credit increase starts this week, do you qualify |
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Pension Credit increase for 100,000s this week. Yet millions of eligible pensioners miss out by not claiming
Pension Credit is a payment that tops up the state pension and other income to guarantee over-60s a min. £130/week (couples £198), or pays extra to some savers, to reward them for their prudence. This week's change: The Govt. calculations assume you earn £2 of income a week for each £1,000 of savings (equiv to a huge 10% interest), but while it used to ignore the first £6,000 of savings, now it'll ignore the first £10,000, so those with bigger savings can still get pension credit. Claim yourself & pls help elderly relatives: While it's complicated, for those already claiming, it'll be recalculated automatically. Yet over a million eligible pensioners DON'T claim this credit, which can be worth £1,000s.
http://www.moneysavingexpert.com/reclaim/state-pension#credit
Even someone with over £30,000 savings could get something; to see if you're eligible, call 0800 991234. More in the Full Guide: State Pension Boosting
Also see the MSE News story: Pension Credit Boost Related: Benefits Check Up, Top Savings
http://www.moneysavingexpert.com/...-change-to-benefit-half-a-million |
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