Pensioners and Savings - SW 60

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If you qualify for a non-contributory pension, the rate of pension you receive will be set at a level that should enable you to have an adequate standard of living. We would expect you to spend all or most of your pension each week in meeting your normal day-to-day living expenses. However, if you choose to save part of your weekly payment, these savings will be means tested as capital in the same way as savings from any other source (for example, earnings, an occupational pension or an inheritance). Your pension may be reduced or stopped depending on the amount you accumulate from all sources.
Last modified:29/01/2013

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