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flag Savings over £10,000 can reduce Pension Credit benefits, with £1 cut weekly for every £500 above the limit.

flag The Department for Work and Pensions (DWP) warns Pension Credit claimants that savings over £10,000 can reduce their benefits. flag For every £500 above this limit, £1 is deducted weekly from the £218.15 (single) or £332.95 (couple) weekly top-up. flag The DWP considers various incomes, including some social security benefits, in determining eligibility. flag Despite potential reductions, claiming can still offer benefits like Housing Benefit and a free TV license for over 75s.

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