How to determine the level of capital for Pension Credit — Scope | Disability forum
New to the community? Remember to read our community guidelines and our community house rules.
Concerned about another member's safety or wellbeing? Find out how to let us know.

How to determine the level of capital for Pension Credit

Yadnad Posts: 2,856 Member
I hope someone can put me wise to the answer please. I have had such good advise on the benefit forum so I thought I would try here with this problem.

We are husband & wife, both 70+ and claiming amongst other things, Guarantee Pension Credit.

Our capital as disclosed to the DWP is:

NSI Bond £10,000
Premium Bond £1 ( I know it was bought for me back in the early 50's so it is something I want to keep)
Money in current account, purse, wallet, etc at date of claim £321.67.

All our income comes from pensions and benefits.

The problem I am having is trying to work out what level of capital we have on a weekly basis from all sources as we put money aside out of our benefits for bills, living expenses etc. Depending on what day of the month we are at the level of money in the current account can be £2000+ or less than £50.

What do I tell the DWP? Do I do a weekly letter?



Do you need advice on your energy costs?

Scope’s Disability Energy Support service is open to any disabled household in England or Wales in which one or more disabled people live. You can get free advice from an expert adviser on managing energy debt, switching tariffs, contacting your supplier and more. Find out more information by visiting our
Disability Energy Support webpage.

Fancy a chat in our virtual coffee lounge?

Put the kettle on and have a chat in our coffee lounge with other members. We talk about hobbies, games and anything else you can think of!

Cerebral Palsy (CP) Online Cafe

Here's a new opportunity for people with CP or a similar disability (aged 20+) to get together and chat. The sessions are in partnership with CP Sport so you can find out more and meet people from both organisations.

Are you struggling?

Read our 'Coping with stress, low mood and isolation' support thread for a run-down of ideas on how to banish those blues and feel happier.

What do you think about the community?

Complete our feedback form and tell us how we can make the community a better space for you.

Information about COVID-19

If you have questions about the virus, please read our information and support which includes guidance on benefits, getting food and essentials and Cerebral Palsy.

Back to school this September?

Read tips on how to settle back in and handle any worries you or your children might be having this new term.