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Pension credit and child’s savings
Hi All
Can I just confirm that savings belonging to a dependent child who is part of the parent’s PC claim is ignored?
Thanks in advance.
Yes.
The provision to introduce child dependent additions as part of a PC claim from 2019 was to replace the child tax credits - as part of the move to UC.
Unlike legacy benefits where the capital of a child may affect the dependent additions, it instead mirrors CTC rules - capital of a child is ignored.
Brilliant, thanks for confirmation.