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Pension credit and childrens money


Halfman
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I am on pension credit and recently my two children have inherited enough money between them that if counted towards family savings will take us considerably over £16000.

 

Do childrens savings affect my Pension credit.

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As long as the children inherited legitimately - in other words the money was left to them, and not left to you (or partner) and then given to them, then it doesn't affect pension credit.

We hang the petty thieves and appoint the great ones to public office ~ Aesop

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make sure the money is put into accounts in the children's names - so it does not get confused with your own - as this can sometimes cause problems

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