Information for Pension Age Residents

How will my savings effect my entitlement? 

If you have savings over £16,000 you will not be entitled to Council Tax Support unless you receive Pension Credit Guarantee Credit. 

Savings of less than £10,000 are ignored, but you must still tell the Council about them.  

If you do not receive Pension Credit Guarantee Credit the Council needs to know about money you and your partner have in:  

  • A bank or building society  

  • Shares  

  • National Savings Certificates  

  • ISAs/TESSAs  

  • Any property (except the one you live in) or  

  • Land you own  

  • Any other savings or capital you have  

These may be included in the calculation of your Council Tax Support as tariff income.  

If you have savings or capital less than £15,999.99 the Council will add an extra weekly income of £1 for every £500 of savings you have over £10,000.