Financial information Pension Credits

[concord]

Could you help me please, as I am unemployed and advised to claim pension credit how far back can they request financial information, I did have some savings some time ago but have nearley used them. Any other advice re these credit will be very much appreciated Thanks

[Buenchico]

Guarantee credit isn't related to your savings. The system simply looks at your total weekly income. If it's below £130 (for a single person) or £198.45 (if you have a partner) it tops up your income to that level:
http://www.direct.gov...ow_income/DG_10018692

Chris

[Mr Veritas]

I am in receipt of Pension Credit,so can concur with Chris' answer.

[maclarencat]

The above is incorrect. Savings are taken into account. There is a £10000 disregard so if you have less than this you have no worries. If you have more then £1 is deducted from your pension credit for each £500 over the £10000 that you have.eg. if you have savings of £13,500 then £10,000 would be disregarded and you would have £7 a week deducted (3,500/500=7) Hope this helps