Hi, mum has investment bonds with life assurance, she lives alone in her own home. I believe these are disrgareded as assests if she has to go into residential care. Are they also disregarded as assests when applying for pension credits? Mum has no other savings. I have phoned the DWP and they say the same rules apply and though there is no box on their form to declare bonds with life assurance we have to send them copies of the certificates.
I can't believe these bonds are possibly going to be disregarded, mum has been self funding everything. If she gets pension credits she will get free home care/help too I think.
I am just in the process of trying to get copies of these certificates and mum has a financial assesment coming up.
Has any one any experience of investment bonds with life assurance being disregarded by the DWP and thus getting services paid for like home care?
Mum is 77 and retired at 60, so it's 17 years of not recieving pension credits, i can hardly believe what I'm thinking, but all the info I've been given indicates they should have been disregarded.
I can't believe these bonds are possibly going to be disregarded, mum has been self funding everything. If she gets pension credits she will get free home care/help too I think.
I am just in the process of trying to get copies of these certificates and mum has a financial assesment coming up.
Has any one any experience of investment bonds with life assurance being disregarded by the DWP and thus getting services paid for like home care?
Mum is 77 and retired at 60, so it's 17 years of not recieving pension credits, i can hardly believe what I'm thinking, but all the info I've been given indicates they should have been disregarded.
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