PC10 Pension Credit - Communities and Local Government

How do we work out your income?SPCR 24●●●●●Working Tax Credit;payments from lodgers, boarders or people renting part of yourhome (subtenants);regular payments from an equity release scheme;royalties or public lending rights payments; andregular payments from trust funds.If you have capital of over £6,000 (£10,000 if you live permanentlyin a care home), your income may also include a deemed incomefrom this capital. (Deemed income is explained in more detail onpage 35.)If you have money coming in which is not on this list – for example,regular payments from a charity or relative, payments from yourlocal authority social services for personal care, cash in lieu ofconcessionary coal – it will not be treated as income and so will notaffect your Pension Credit entitlement. Payments which are madeinstead of a particular type of income – such as compensation forthe non-payment of a particular benefit – are normally treated inthe same way as payments of that income would be.Money you get on behalf of someone else (other than your partner)is not treated as your income.If a type of income listed above is paid to a third party (such as ashop or supplier or a relative) on your behalf, it is treated as yourincome. (This does not apply if you are bankrupt and payments fromyour occupational or personal pension have to be paid to yourcreditors or trustee in bankruptcy and you and your partner have noother income.)Some types of income listed above are either completely ignoredwhen we calculate your Pension Credit or partially ignored (these arecalled the disregards). The different types of disregards are explainedon pages 30 to 34. The rest of your income is counted in full whenwe work out your Pension Credit. The treatment of income isexplained below.27