View more on these topics

PBR: Pension credit capital disregard increased

Chancellor Alistair Darling has increased the capital disregard for pension credit from £6,000 to £10,000 in today’s pre-Budget report.

The Government estimates the move will benefit 540,000 pensioner households by an average of £4 a week.

Darling also announced a new tax back campaign where by pension credit beneficiaries will be contacted to encourage them to claim back tax they may have overpaid on their savings income.


News and expert analysis straight to your inbox

Sign up


    Leave a comment