The Over 80 Pension :Cross Stitch – Pensions and retirement planning

The Over 80 Pension is a State Pension for people aged 80 or over who have little or no State Pension. Unlike other State Pensions, it’s not based on National Insurance contributions.

You can claim if all the following apply to you:

• are aged 80 or over
• don’t get basic State Pension, or your basic State Pension is less than £64.40 a week in 2012-2013
• live in England, Scotland or Wales, and have done so for ten years or more in any continuous period of 20 years which included the day before your 80th birthday or any day after it

You will get £64.40 a week in 2012-13 if you don’t get basic State Pension.

if you’re on a reduced basic State Pension – you’ll get the difference between this reduced amount and £64.40 a week in 2012-13.

All benefits, pensions and allowances are paid into the account of your choice, for example your bank account. This is the safest, most convenient and efficient method of payment.

If you’re registered blind, or need a carer, you can get a helper to collect your pensions/benefits for you.

The Over 80 Pension, as with all pensions, counts as taxable income, so it may affect other income-related benefits you’re getting.

You must include the Over 80 Pension as income if you’re claiming other benefits.