GC and capital

Currently, there are 0 users and 1 guest visiting this topic.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #20394
    Anonymous
    Guest

    Can a pensioner still be entitled to GC regardless of capital held [b:4195038597][i:4195038597]before [/i:4195038597][/b:4195038597]the PC claim is assessed?

    I know that GC remains if they acquire any amount of capital following the award, but before?

    What is the capital cut-off for GC?

    Thanks

    Andy

    #2898
    Anonymous
    Guest

    There is no capital limit for Guarantee Credit, but obviously the more capital someone has, the less GC they will be entitled to. For a single pensioner with no income other than basic State Retirement Pension, they would cease to be entitled to GC if they had roughly £21k capital.

    If you know that your claimant had a large amount of capital (such that they would probably not qualify for GC) prior to claiming, you should refer this to the Pension Service, together with your evidence. They will then ignore you.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.