Trust fund income

My wife is on dla, i get carers allowance for her and also get
guaranteed pension credit.
If my wife got income from a trust fund (from a possible inheritance)am
i correct i thinking that its treated just like any other income and
affect how much pension credit i get?
When i reach 65 would it also affect any pension credit used to top up a
state pension?
Thanks in advance.
Dave

In message <bHcTm.125675$2>, dave
<> writes
>My wife is on dla, i get carers allowance for her and also get
>guaranteed pension credit.
>If my wife got income from a trust fund (from a possible inheritance)am
>i correct i thinking that its treated just like any other income and
>affect how much pension credit i get?

If the trust is set up in such a way that your wife has no right to
access the capital, then the income from the trust will be treated as
income.

If the trust is set up in such a way that your wife does have access to
the capital, then it will be treated as giving an "assumed" or "tariff"
income of £1 per each £500 of capital or part thereof. There is no
upper capital limit for Pension Credit but the tariff income might mean
that you no longer qualified, depending upon the amount of capital in
the trust.

>When i reach 65 would it also affect any pension credit used to top up
>a state pension?

The above process would apply to any Pension Credit calculation.

Clive

--
Clive Martin
my email address is cliveatcmartindotdemondotcodotuk

Clive Martin wrote:
> In message <bHcTm.125675$2>, dave
> <> writes
>> My wife is on dla, i get carers allowance for her and also get
>> guaranteed pension credit.
>> If my wife got income from a trust fund (from a possible
>> inheritance)am i correct i thinking that its treated just like any
>> other income and affect how much pension credit i get?
>
> If the trust is set up in such a way that your wife has no right to
> access the capital, then the income from the trust will be treated as
> income.
>
> If the trust is set up in such a way that your wife does have access to
> the capital, then it will be treated as giving an "assumed" or "tariff"
> income of £1 per each £500 of capital or part thereof. There is no
> upper capital limit for Pension Credit but the tariff income might mean
> that you no longer qualified, depending upon the amount of capital in
> the trust.
>
>> When i reach 65 would it also affect any pension credit used to top up
>> a state pension?
>
> The above process would apply to any Pension Credit calculation.
>
> Clive
>

Thanks Clive
Much as i thought.