Pension CreditGUARANTEES FOR THE OVER 60’SPension Credit is an entitlement for people aged 60 or over living in Great Britain. This could mean extra money for you every week. Pension Credit guarantees everyone aged 60 and over an income of at least:
Also, if you or your partner are 65 or over you may be rewarded for saving for your retirement, up to:
If you apply for Pension Credit and are eligible, you may receive a payment backdated for up to 12 months from the day you were first entitled to the date you first applied. From 6 October 2008, there is a proposal to change this period from twelve months to three months. If you want to apply for more than three months in the past, you will need to make sure that you send your application before 6 October 2008. To apply for Pension Credit, you must be at least 60 or within four months of your 60th birthday. It does not matter if your partner is under 60. Partner is defined as your husband, wife or civil partner, or the person you live with as if you are married to them or as if you are in a civil partnership with them. From 2010 the age from which you can get Pension Credit will gradually increase. This will be in line with the State Pension age becoming 65 for women as well as men by 2020. |
| The articles featured in this digital magazine are for your general information and use only and are not intended to address your particular requirements. They should not be relied upon in their entirety. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. For more information please visit www.goldminepublishing.com |