Sentences with phrase «of pension credit»

You were getting the guarantee credit element of pension credit (even if you get savings credit as well).

Those in receipt of pension credit will only need to show an award letter once a year.

According to BMO, you can start taking advantage of the pension credit at 65 by transferring $ 14,000 from an RRSP to a RRIF, making sure to take out $ 2,000 each year between age 65 and 71.

The government has insisted it is committed to increasing the take - up of the pensions credit after new figures show up to # 2 billion still remains unclaimed.

Research by the National Audit Office (NAO) finds while increasing take - up of pensions credit by ten per cent would lift up to 107,000 people out of poverty, doing the same for housing and council tax benefits would improve the lives of 130,000 people.

The # 110bn cost of the plan would be paid for by the abolition of pension credits and of tax relief on pension contributions.

Instead of the 55/25 option, public employees could receive an additional month of pension credits for each year of employment.

And finally, it may also be of benefit to check out if you've completed a Canada Pension Plan (CPP) credit split of pension credits, since being granted a divorce can also affect this.

I want to open a Registered Retirement Income Fund (RRIF) and transfer some money into it to take advantage of the pension credit on a $ 2,000 withdrawal.

Runchey v. Canada (Attorney General) et al. 2013 FCA 16 Administrative Law — Judicial review — General — Scope or standard of review A Review Tribunal upheld a decision by the Minister of Human Resources and Skills Development to allow the application of Runchey's ex-spouse for a division of pension credits under the Canada Pension Plan (the Plan).

You're eligible for BT Basic if you're on any of the following benefits: income support, income - based JSA, ESA (income related), the guaranteed credit element of pensions credit and finally if you get universal credit but you're on zero earnings.

Those in receipt of Pension Credit will only need to show an award letter once a year.»

For many, it's a great strategy to open an RRIF and transfer net $ 2,000 from your RRSP in order to take advantage of the pension credit.

At the last count, 2.57 million were claiming # 5,460 billion of pensions credit, about two thirds of the 3.75 million eligible for the benefit.

«Take - up of pension credit is not picking up, but grinding to a halt.Means - testing is simply unsustainable.

However, it says the efforts used to improve take - up of the pension credit should now be applied to other benefits targeted at pensioners, and a new target encompassing the help provided for housing and council tax should be introduced.

As well as those who get the guarantee credit element of pension credit, the following people also now qualify for the Warm Home Discount: