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Wonder if the savings credit part of pension credit affects the guaranteed part of Pension Credit, or are both parts deemed to be guaranteed when claimants reach the qualifying age?
Eg. A 62 year old pensioner is in receipt of guaranteed pension credit of £10.40 per week. Would be interested to know what happens when they reach 65 if they are entitled to the savings credit element, if the addition of £18.06 savings credit element results in their income exceeding the amount the government claims pensioners need to live on? ie £145.40
Eg. A 62 year old pensioner is in receipt of guaranteed pension credit of £10.40 per week. Would be interested to know what happens when they reach 65 if they are entitled to the savings credit element, if the addition of £18.06 savings credit element results in their income exceeding the amount the government claims pensioners need to live on? ie £145.40
