SAVINGS CREDIT UPRATINGS

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  • #20183
    Anonymous
    Guest

    Did anyone else notice that since the 17th DEcember when we were told Guarantee Credit had been uprated that there were several changes of Savings Credit entitlemne tnotices that appeare to be no change. The AIF and the SC were as previously notified, however, upon checking RATS we have now got an uprated savings credit showing.

    Are we to contact the Pension Service in all these cases to check the uprated AIF from April 04?

    #2321
    Anonymous
    Guest

    We have had ETDs showing change of savings credits. The dates of change are usually Dec/Jan but are actually the April upratings figures. there is no April date anywhere on the ETD If you check the RAT you can find the uprated Savings Credit figures but will be unable to get the uprated AIFs.
    I have spoken to Ian Golds at Job Centre Plus and they are aware of the problem but doubt they will be able to fix before we do our new year calcs for HB CTB. They plan to send three Data Scans giving all upratings (GC and SC) but the first one won’t arrive until first week of March. Second scan planned for mid March and final scan early April.
    They are also planning to stop the faulty Guarantee Credit ETDs (those that are trying to tell us about uprating) from the end of this week.

    I have been advised by my Local Pension Service Office that they don’t think they will be able to cope with the additional requests from LAs for the uprated AIF & SC figures! They will be chasing someone from their end about the problem.

    #2322
    Anonymous
    Guest

    This is going to cause major problems and we need some guidance from DWP on this urgently. We have started getting these ETDs as well but the majority of our dates are 13th April 2003!

    #2323
    Anonymous
    Guest

    I attended a Pension Credit Workshop on the 05th January where this issue was discussed. The uprating ETD’s were not supposed to be issued but were since someone considered that the LA’s should be informed of everything. Apparently this has trebled the output. They have done a ‘fix’ to stop the ETD’s and this will be run around 15th January, so shortly after this date they should cease.

    #2324
    Anonymous
    Guest

    When carrying out the uprating exercise do the changes in the Pension Credit amount (Savings Credit) and the AIF both take effect from 5/4/04 under SPC regulations 36(7) and 28(7)?

    I know there was talk for a while about them taking effect from different dates and a change in legisaltion would be needed to avoid this!

    Your views would be appreciated.

    #2325
    Anonymous
    Guest

    Jenni – see my post re AIF date – this seems to be the latest position from DWP

    #2326
    Neil
    Participant

    Can anyone actually tell me what the uprated figures for PC are from April 2004? I’m sure that it’s probably very obvious, so apologies for my stupidity 😳 ….but I can’t seem to find it anywhere….I’m looking for the SC starting point rates, Standard Amount and Weekly Maximum SC

    #2327
    Neil
    Participant

    ignore my previous post….worked it out for myself! My excuse is that it was early in the morning and I was hungover!! 😉

    #2328
    fiona_copland
    Participant

    re Jenni’s post re the effective dates, A8 has just come in to confirm that we can uprate savings credit and AIF in line with HB/CTB from 1/5 April (S1 2004/290)

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