PC10S - A detailed guide to Pension Credit for advisers and others (September 2011)
Contents
- About Pension Credit
- How Pension Credit is worked out
- Income Rules
- What determines how much Pension Credit my customer will get?
- Overview of how Pension Credit is calculated – Guarantee Credit
- How we work out income for Pension Credit
- If your customer is a self-assessed taxpayer
- What counts as income for Guarantee Credit?
- What doesn’t count as income
- Weekly calculations
- Calculations for couples
- Notional income
- Working out income for Savings Credit
- How we work out earnings
- Income disregards
- How we work out capital for Pension Credit
- Capital disregards
- Personal possessions
- Houses and land
- Earmarked capital
- Life insurance policies
- Funeral plans
- Far Eastern Prisoners of War Payment
- Second World War Compensation Payments
- Lump-sum personal injury (including vaccine damage) payments
- Lump-sum payments from certain special trusts and MFET Limited
- Arrears and late payment of benefits
- Lump-sums from deferring State Pensions
- Health in Pregnancy Grants
- Payments from local authorities under the Supporting People scheme
- Money in a trust
- Business assets
- How we work out capital assets
- How we work out housing costs
- Who can get help with housing costs?
- Non dependants at home
- Temporary absence from home
- More than one home
- Mortgages taken out to purchase the home and certain home improvement loans
- Restrictions
- High housing costs
- Standard rate of interest
- Interest on loans for repairs and improvements
- Hire purchase interest
- Other housing costs
- Payment of Pension Credit
- When Pension Credit is paid from
- Applying for Pension Credit
- Dealing with applications
- What happens if a customer’s circumstances change
- Assessed income period
- How long is the assessed income period?
- What happens when your customer thinks a decision is wrong?
- Changes to pensions and annuity income during an assessed income period
- Changes to capital during an assessed income period
- The end of an assessed income period
- People who have come to Great Britain from abroad
- People who leave Great Britain temporarily
- People in hospital
- People living in care homes
- People in religious orders
- People in prison
- People who are homeless
- People living as husband and wife or as civil partners
- People living apart from their partner
- People in polygamous marriages
- Pension Credit qualifying age
- Overpayments
- Linked benefits and other financial help
- Other social security benefits
- Other types of financial help for people on low incomes
- Further information
