On Sep. 26, UK GVT updated detailed guidance on pension credit.
UK GVT updated detailed technical guidance (PC10S) which covers what pension credit is, how it's worked out, the eligibility rules and the application process.
Also includes pensions flexibilities, income rules, income disregards, working out capital for pension credit, capital disregards, value of capital assets, housing costs.
Pension Credits
Tax-free income-related benefit for those who have reached the qualifying age and live in Great Britain; pension credit is paid for out of taxation.
Customer does not need to have paid national insurance contributions to be eligible.
There are two parts to pension credit: guarantee credit and savings credit (for customers who reached state pension age before Apr. 6, 2016).
