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jamjar99

Pension Credit Claim At 60 - But Private Pension 65

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Hi all,

I wonder if you can help please.

My dad is 60, recently retired due to ill health, and has just applied for pension credit. He is under the saving threshold. However, the benefits advisers face lit up when she found out he had a private pension arranged.

However, this is not due to start until 65. He only paid into it for around 15 years and it has been dormant for the last couple of years - so I don't think it will be much.

In the meantime, the benefits agency will write to his former employer to find out what it is worth.

My question is - can they force him to start his private pension now?

Thanks,

Shaun

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Hi all,

I wonder if you can help please.

My dad is 60, recently retired due to ill health, and has just applied for pension credit. He is under the saving threshold. However, the benefits advisers face lit up when she found out he had a private pension arranged.

However, this is not due to start until 65. He only paid into it for around 15 years and it has been dormant for the last couple of years - so I don't think it will be much.

In the meantime, the benefits agency will write to his former employer to find out what it is worth.

My question is - can they force him to start his private pension now?

Thanks,

Shaun

Your Dad probably won't be able to receive Pension Credit until he is 61 due to the changes in Women's retirement age affecting the qualifying pensionable age to receive Pension Credit. He'll have to claim JSA in the meantime which is approximately half the level of Pension Credit. You need to check on the pensionable age of a women born on the same date as him to work out when exactly he'll qualify from.

I don't think that he'll be able to draw down on his private pension and the DWP won't be able to force him to - so it shouldn't affect his entitlement until he starts to receive it.

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Hi all,

I wonder if you can help please.

My dad is 60, recently retired due to ill health, and has just applied for pension credit. He is under the saving threshold. However, the benefits advisers face lit up when she found out he had a private pension arranged.

However, this is not due to start until 65. He only paid into it for around 15 years and it has been dormant for the last couple of years - so I don't think it will be much.

In the meantime, the benefits agency will write to his former employer to find out what it is worth.

My question is - can they force him to start his private pension now?

Thanks,

Shaun

Probably, I know if your made bankrupt, & your old enough to take the pension (50 previousely) now 55, they make you take the pension to get the 25% cash sum. Probably the same game.

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My dad is definately eligible for Pension Credit as he is 60 and 8 months (born November 1950).

I just can't seem to find a definitive answer regarding his private pension. There is nothing stated in any of the faq's online or in the literature.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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