PC10 Pension Credit - Communities and Local Government

SPCR sch Vpara 1How do we work out your income?We will ignore the value of any property you have got recently andwhich you intend to move into within 26 weeks of getting it. Wemay ignore it for longer than this if something serious has happenedthat means you cannot move into the property when you planned.We may also ignore the value of the property if:Para 7 ● you are trying to sell it – in which case we may ignore it for26 weeks, or even longer if you are really finding it difficultto sell;Para 3 ● you are carrying out essential repairs or alterations so youcan live in it – in which case we may ignore it for 26 weeks,or possibly longer if you are really finding it difficult to finishthe work;Para 2 ● you are taking legal action so you can live in it – in which casewe may ignore it for 26 weeks, or longer if the legal actioncarries on and you still cannot live in the property; orPara 6 ● you have left home after the breakdown of a relationship –in which case we will ignore the value of the property that wasyour home if your former partner still lives in it and is a loneparent. In other cases we will ignore its value for 26 weeks afteryou have left the property.Paras 18 & 19Earmarked capitalCertain types of capital that you need for a specific purpose may beignored as follows:●●●capital from the sale of your property – if it is earmarked tobuy another home, we will ignore it for up to a year;money from an insurance policy – if it is for damage to or lossof a property or personal possessions and is to be used for theirrepair or replacement, we will ignore it for up to a year; orcapital, such as a loan – if it is to buy a home or pay for essentialrepairs or improvements, we will ignore it for up to a year.37