Pension Credit capital threshold increases to £10,000

Almost half a million pensioners will be up to £8 a week better off following the changes which will mean about 90% of people with Pension Credit will have all of their savings ignored. The increase in the capital threshold to £10,000 was also applied to Housing Benefit and Council Tax Benefit for pensioners. Angela Eagle, minister of state for Pensions and the Ageing Society, says: "I want everybody to get all the help they are entitled to. These changes mean that more people who have done the prudent thing and saved for their future will be rewarded. "For example, a pensioner wit...