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Pension Credit On Retirement.

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kloofnek | 17:33 Sun 09th Mar 2014 | Personal Finance
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a retired person is receiving a a small state pension and is working part-time.
If he then retires completely,will he then receive Pension Credit as his pension is below the standard rate?

A separate question here..if another person has a small Works pension and a small SP,totalling ,for example, £90.00...will that person be entitled to some PC?
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Pension Guarantee Credit tops up the income of any single person (who has reached the qualifying age) to £145.40 per week. It's irrelevant as to how their other income is made up (e.g. from a basic state pension or through employment). If they're not receiving £145.40 in total, Pension Guarantee Credit pays the difference. Couples get their weekly income topped up to £222.05 per week:
https://www.gov.uk/pension-credit
If they have savings over £10,000 they will get a reduction in pension credit payable for every £500 of savings.
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Thank you very much
they knock £1 for every £500 over £10,000 in savings.

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Pension Credit On Retirement.

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