Tweet
Have been told this is a good blog site.
I have recently been made redundant -( Dec 28th 2012). I am now 61 -( Jan 2013 ), I have not signed on for JSA & am living on my severance pay . I am however looking for work but with no joy as yet. In a worst case scenario & i don't get employment but in Nov (8 months from now )- I qualify for Pension Credit.
It was always my intention to put a lump sum into my pension pot from my severance pay before April 2013 & again after that date for next year 2013/2014 if I could not find employment. This to bolster my not so substantial pension fund ,which i do not intend taking until Jan 2017 my state pension date.
Would these payments into my pension be considered as deliberate deprivation of capital therefore afffecting any future possible Pension Credit payment ?
Also I've read that you are allowed "reasonable " expenditure. What does this mean ? I would like to change my 20 year old gas boiler , 25 year old bed & 7 year old motor. Is this reasonable ?
I have recently been made redundant -( Dec 28th 2012). I am now 61 -( Jan 2013 ), I have not signed on for JSA & am living on my severance pay . I am however looking for work but with no joy as yet. In a worst case scenario & i don't get employment but in Nov (8 months from now )- I qualify for Pension Credit.
It was always my intention to put a lump sum into my pension pot from my severance pay before April 2013 & again after that date for next year 2013/2014 if I could not find employment. This to bolster my not so substantial pension fund ,which i do not intend taking until Jan 2017 my state pension date.
Would these payments into my pension be considered as deliberate deprivation of capital therefore afffecting any future possible Pension Credit payment ?
Also I've read that you are allowed "reasonable " expenditure. What does this mean ? I would like to change my 20 year old gas boiler , 25 year old bed & 7 year old motor. Is this reasonable ?
