Reply To: The new £151,000 capital rule for HB/CTB

#1884
peterdelamothe
Keymaster

Not sure I understand the question. The HB £16,000 maximum rule continues (for cost reasons) BUT a pensioner can get full HB if they qualify for the PC guarantee. As you say, this creates anomalies particularly where the pensioner only has the state pension based on a partners contributions and capital of about £20,000.

This really is the poverty trap at its sharpest. Just a few pence in income or assumed income can make the difference between full rent / Council Tax / Supporting People exemption and …. nothing at all. In London, that may mean over £250 per week difference.

Expect pensioners in this caegory to start spending; one way to get the economy going!