Pension credit and Triviality Settlements

Oct 21, 2003 0 Replies

Can somebody please tell me whether a pension triviality settlement would be included in the assessment of a pension credit calculation to bring a pensioner up to the minimum income guarantee of (currently) 102.60/week? I would have thought a lump sum payment such as this would count towards a pensioners capital savings, so as long as total savings were under the threshold, they shouldn't be included when calculing MIG?


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