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STATE PENSION
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1 year 2 months ago #283000 by info
STATE PENSION was created by info
We wanted to know if savings effect when eligible for state pension? Thank you for your time
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- Chris
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1 year 2 months ago #283007 by Chris
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Chris on topic STATE PENSION
Hi Info,
The following advice can be found on Google - If you reached State Pension age before 6 April 2016 – or if you're a couple and one of you did – you might be eligible to claim Savings Credit. There isn't a savings limit for Pension Credit. However, if you have over £10,000 in savings, this will affect how much you receive.
Please also see the link provided for additional information.
www.gov.uk/pension-credit/eligibility
Regards, Chris.
The following advice can be found on Google - If you reached State Pension age before 6 April 2016 – or if you're a couple and one of you did – you might be eligible to claim Savings Credit. There isn't a savings limit for Pension Credit. However, if you have over £10,000 in savings, this will affect how much you receive.
Please also see the link provided for additional information.
www.gov.uk/pension-credit/eligibility
Regards, Chris.
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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1 year 2 months ago #283014 by info
Replied by info on topic STATE PENSION
Ok thanks I haven't reached pension age yet. So would any savings effect the basic state pension?
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- Gordon
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1 year 2 months ago #283017 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic STATE PENSION
I
No, the State Pension is not affected by any savings or assets that you have.
Gordon
No, the State Pension is not affected by any savings or assets that you have.
Gordon
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1 year 2 months ago #283018 by info
Replied by info on topic STATE PENSION
Thanks Gordon so state pension by itself isn't affected by savings. Appreciate your time and help with this Kind Regards
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