Jump to content

Pension Credit when savings have gone over £10K


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 2822 days.

If you need to add something to this thread then


Please click the "Report " link


at the bottom of one of the posts.


If you want to post a new story then


Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 



Recommended Posts

My mum was recently admitted to a care home she is 94 and has early dementia. Previously she was receiving her state pension and pension credit (guaranteed element). She has been requested by the DWP to have a financial assessment due to the change of circumstances i.e going to a care home, previously she was renting privately.


What was unknown that her savings have risen just over the £10,000 that the DWP needs to be informed about regarding Pension Credit. I have spoken to the DWP because I have now been assigned to handle her benefits etc.. Because her savings have gone over the 10K what is likely to happen? Will she be taken off Pension Credit Guaranteed and put on Pension Credit Savings?


We have been talking about getting a pre-paid funeral plan which will bring her savings back down to below the £10K figure, would this be a wise thing to do?

Link to post
Share on other sites

Generally speaking, £1 of SPC per week is deducted for each £500 (or part thereof) of savings over £10,000. As Nystagmite says, unlike working age benefits there is no upper limit to the amount of savings one can have, except that eventually SPC entitlement may be reduced to £0.


If she spends some of the money, a Decision Maker will have to decide whether or not "deprivation of capital" applies - that is, was the expenditure reasonable and was the money spent in order to qualify for benefits. I would not like to be the DM who decided that a 94 year old woman could not prepay for her funeral without losing benefit, but each case is decided on its merits. If deprivation of capital was found to apply, she would be treated (for benefit purposes) as if she still had the money when her entitlement is calculated.




The idea that all politicians lie is music to the ears of the most egregious liars.

Link to post
Share on other sites


  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?

  • Create New...