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Benefit Entitlements:

What counts as income?

Income that's taken into account includes:

  • Earnings after tax and expenses from employment or self-employment, less half of any occupational or personal pension contribution you make.
  • An 'assumed income' of £1 a week for every £500 (or part of £500) of 'capital' you have over £6,000 or over £10,000 if you live permanently in a care home (capital includes savings and investments, life insurance policies, and property that's not your main home).
  • Working Tax Credit.
  • Most social security benefits like Carer's Allowance.

Income that's ignored includes:

  • Attendance allowance.
  • Child tax credit.
  • Christmas bonus.
  • Exceptionally severe disablement allowance.
  • War widow's supplementary pension.

To get complete lists, you can call the pension credit helpline on 0800 99 1234, textphone 0800 169 0133.

This page last update: 24 Jan 2012, 14:56:40
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