notional pension credit (savings cred) income?

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  • #20272
    valbaker
    Participant

    I apologise in advance if this question appears twice, I was doing too many things at once while typing the last time!
    We have an old gentleman who refuses to claim his £14 entitlement to the savings credit. He says it’s not worth it and he’ll have to pay more rent and council tax. I feel sure we shouldn’t take notional savings credit income into account but Reg 36(1) of State pension credit regs seems to suggest we should (if pension credit is classed as ‘retirement pension income’) – Has anyone come across this situation before?

    #2579
    Mark
    Participant

    Savings Credit does not count as “retirement pension income” so you don’t count it notionally. The definition of “retirement pension income” is in The State Pension Credit Act 2002 c16 para 16. This is a list of all the things that are counted as “retirement pension income” (generally the State Retirement Pension and all it’s forms and occupational/personal pensions) but Savings Credit itself ain’t there.

    #2580
    valbaker
    Participant

    😀 Thanks Mark, I thought nobody was going to answer this one! It didn’t feel right that we should count it otherwise we’d be doing notional income calcs on all pensioner claims where they didn’t get pension credit! Worryingly though the pension service have told some of our assessors that other council’s do count it when the pensioner has decided not to accept their pension credit.

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