PPI unveils plan to save means-tested benefits in personal accounts

A study, ‘Increasing the value of saving in Personal Accounts’, recommends a pension income disregard of the first £12 per week of private pension income for means-tested benefit entitlement calculations. The plan would mean a single person could save up to an amount equivalent to a total fund of at least £6,000 at retirement without the Government taking this into account when establishing their entitlement to means-tested benefits. Chris Curry, research director of PPI, says: “Previous PPI research has identified that, while many people may benefit from the Government’s proposal to intr...