Pension Credit to be capital limited.

During yesterday’s Grand Committee stage in the Lords of the Welfare Reform Bill, Lord Freud confirmed that, following the introduction of the Housing Credit into Pension Credit, Pension Credit will have a capital cut-off. This will apply to the benefit as a whole, not just the housing credit, and may, apparently, replace tariff income for the benefit. It will be set at a higher level than for working age claimants.

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