pension credit overpayment procedure

[dillm]

Hi guys

12 months ago my wife transferred 14750 to fund various repairs from her life assurance I wrote to pension credit to advice expecting a reduction of£9 week did not hear anything and due to my health problems forgot about it till I hasd a benefit check and was told I was getting too much money I contacted Pension Credit as advised who confirmed they had not received my letter coincidentally I was invited to an interview with a compliance officer who wished to discuss the same I showed him the letters etc only there 10 mins what happens next

[estellyn]

Do you still have the money, or is it spent?

[dillm]

Yes app 8900

[estellyn]

Yes app 8900

 

I don't see a problem here if you're below the capital threshold, and making a deprivation case out it would be virtually impossible considering the money was disregarded while in any scheme that has life insurance attached.

[dillm]

Technically I would agree however confusion exists in the regs which indicate that any funds released may be treat as capital they also indicate that you can have up to a year to use the funds for a project I am of the opinion that pension credit will say the funds shall be treated as capital only because I have no luck thanks

 

I have checked the regs and I am correct released funds are treat as a Capital so what happens next

Edited June 14, 2013 by dillm
untidty

[dillm]

??

Edited June 14, 2013 by dillm
tidying post

[honeybee13]

Hello there.

 

I hope you don't mind my saying, but you seem to have several threads about the same problem. As a rule, spreading the information across the forum doesn't help the people trying to help you.

 

Please could you try to keep to one thread on Pension Credit queries?

 

My best, HB

[dillm]

how do I tidy them up dont see how I can delete threads

[estellyn]

Technically I would agree however confusion exists in the regs which indicate that any funds released may be treat as capital they also indicate that you can have up to a year to use the funds for a project I am of the opinion that pension credit will say the funds shall be treated as capital only because I have no luck thanks

 

I have checked the regs and I am correct released funds are treat as a Capital so what happens next

 

Do you only have total capital of less than £10,000 or more than £10,000?

[antone]

how do I tidy them up dont see how I can delete threads

 

Regular users can't delete threads. Don't worry about it, but just for future reference, as Honeybee says, it's easier to keep related problems in the same thread.

[dillm]

??

[dillm]

[estellyn]

 

Then no problem. The only issue you could have had with spending money is deprivation of capital, but as the money was 'liberated' from a fund with life insurance attached, then deprivation of capital would be a pretty silly thing to try to apply to a claim and if they did easily overturnable.

[dillm]

Then no problem. The only issue you could have had with spending money is deprivation of capital, but as the money was 'liberated' from a fund with life insurance attached, then deprivation of capital would be a pretty silly thing to try to apply to a claim and if they did easily overturnable.

don't forget they have been reminded three times that the funds were used for repairs etc thanks again