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Capitial over 65 mixed couple
- wolfchile
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5 years 2 months ago #245910 by wolfchile
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Capitial over 65 mixed couple was created by wolfchile
What is the capital limit if you are in a mixed couple and one of you is over state pension age. My wife receives contribution ESA plus income related top up. I am on claim as dependant. I read it is £10 000 if one of you is over state pension age or is it still £6000.
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5 years 2 months ago #245931 by Gordon
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Replied by Gordon on topic Capitial over 65 mixed couple
wolfchile
It is not your age that determines the limits but the benefit you are receiving so the capital limits for ESA are;
£6000 - after which deductions will be made from any ESA(IR) that is being paid
£16,000 - Above this and entitlement to ESA(IR) is lost.
Gordon
It is not your age that determines the limits but the benefit you are receiving so the capital limits for ESA are;
£6000 - after which deductions will be made from any ESA(IR) that is being paid
£16,000 - Above this and entitlement to ESA(IR) is lost.
Gordon
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5 years 2 months ago #245950 by wolfchile
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Replied by wolfchile on topic Capitial over 65 mixed couple
The information I saw on money advice site had said £10 000
I am confused. I want to know for certain before drawing pension.
Income-based Jobseekers Allowance
Income-related Employment and Support Allowance
Housing Benefit
Income Support
Pension Credit
Universal Credit.
What are the savings limits?
If you or your partner have £6,000 (£10,000 if you are over state pension age) or less in savings this will not affect your claim for these benefits.
If you or your partner have £16,000 or more in savings, you will not be entitled to any of these benefits.
I am confused. I want to know for certain before drawing pension.
Income-based Jobseekers Allowance
Income-related Employment and Support Allowance
Housing Benefit
Income Support
Pension Credit
Universal Credit.
What are the savings limits?
If you or your partner have £6,000 (£10,000 if you are over state pension age) or less in savings this will not affect your claim for these benefits.
If you or your partner have £16,000 or more in savings, you will not be entitled to any of these benefits.
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5 years 2 months ago #245983 by Gordon
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Replied by Gordon on topic Capitial over 65 mixed couple
wolfchile
It's badly worded and lacks information.
So as I said it is not your age but the benefit that determines the limits, so whilst you are under State Retirement Age you can claim ESA and the limits are £6000 and £16,000 I mentioned in mentioned.
Once you reach SRA you can no longer claim ESA but may, subject to your circumstances be able to claim Pension Credit, the limit for PC is £10,000 after which deductions will be made, there is no upper limit as there is for ESA.
Gordon
It's badly worded and lacks information.
So as I said it is not your age but the benefit that determines the limits, so whilst you are under State Retirement Age you can claim ESA and the limits are £6000 and £16,000 I mentioned in mentioned.
Once you reach SRA you can no longer claim ESA but may, subject to your circumstances be able to claim Pension Credit, the limit for PC is £10,000 after which deductions will be made, there is no upper limit as there is for ESA.
Gordon
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5 years 2 months ago #245998 by wolfchile
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Replied by wolfchile on topic Capitial over 65 mixed couple
I am over state pension age. I will be 67 this December. We receive ESA. The claim s in my wife's name and I am on as a dependent. I don't get pension credits. We get an age related premium no information was given on what this is but money went up when I was 66 but it is about to go down again in June. So this is extremely confusing as the site seemed to paying that the savings amount is £10 000 over state pension age which I wanted to clarify I was not able to claim pension credit as I am on claim for ESA. I am over state pension age.
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5 years 2 months ago #246002 by Gordon
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Replied by Gordon on topic Capitial over 65 mixed couple
wolfchile
You won't be able to claim Pension Credit until your wife reaches SRA, so the limits are £6000 and £16,000 but even if it was age related, which I repeat it is not, it is your wife's claim, not yours so it would be her age that would be relevant not yours.
Gordon
You won't be able to claim Pension Credit until your wife reaches SRA, so the limits are £6000 and £16,000 but even if it was age related, which I repeat it is not, it is your wife's claim, not yours so it would be her age that would be relevant not yours.
Gordon
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