Some pensioners who win the lottery or unexpectedly come into money or assets through inheritance ma...
Some pensioners who win the lottery or unexpectedly come into money or assets through inheritance may be able to keep receiving the Pension Credit but others will not, according to charity network Age Concern.
That is because the new system aims to reassess pensioners' assets only once every five years, compared to the weekly assessment under the current Minimum Income Guarantee system.
Howver, not all pensioners will be lucky enough to only be assessed once every half-decade, and many will face some form of ongoing assessment that will require they report income from pension arrangements.
The change is the result of a new rule that asks applicants whether they expect their financial circumstances are likely to change in the near future, which Age Concern means by definition excludes lottery wins and inheritances.
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