1437272
Description
Mind Map by Julian Bradshaw, updated more than 1 year ago
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Created by Julian Bradshaw
over 10 years ago
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Pension Credit
- Savings Credit
- Extra payment to those who
saved toward retirement
- Up to £16.80/£20.70 pw
- Extra payment to those who
saved toward retirement
- Guarantee Credit
- Tops up weekly income if below £148.35/£226.50 pw
- Tops up weekly income if below £148.35/£226.50 pw
- You don't pay tax
on pension credit
- Savings below £10,000 ignored
- Every £500 above treated as
providing £1pw income
- Pension credit is reduced by subtracting
this deemed savings income
- Pension credit is reduced by subtracting
this deemed savings income
- Other income assessed,
including Bond income
- But NOT AA, DLA., Housing or
Council Tax Benefit
- But NOT AA, DLA., Housing or
Council Tax Benefit
- Every £500 above treated as
providing £1pw income
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