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On 21st May I get my state pension, I would like to know will this affect my pension credit that I already get as I find it difficult to live now?/ 30.4.2012• Rajan Chagger• Posted At 08:07 AM

Dear Sir,

Your tax credits should be exchanged by Pension Credits. I have added a link to the government site that will explain this. You can continue to work after your state pension becomes payable and this is a way of supplementing your earnings but this might impact on Means Tested benefits.

http://www.direct.gov.uk/en/pensionsandretirementplanning/pensioncredit/index.htm

Regards,

Nick Maynard,
Director,
WSW Wealth Management
www.wswifa.com

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