Pension Credit / Investments advice

[Seasider]

I hope i'm asking in the right place.

Elderly relative is coming into some money. I'm told this will affect any Means Tested Benefits that are claimed. I believe the only one is Pension credit.

Is the best way to invest the money a Special Needs Trust? If so how do you go about it? Or is there a better type of investment tool?


Also considering the relatives circumstances/health it would be good to have some sort of joint access/control of the investment/money.

Any advice appreciated, by e-mail if that would be better if more detail is need.

Tks

[shadytree]

Upgrade on the Griff on the cards then

[TeGriffic]

www.thepensionservice.gov.uk

Probably a good place to start.

[Seasider]

TeGriffic said:

www.thepensionservice.gov.uk

Probably a good place to start.

Thanks Shawn

[maxed]

www.pistonheads.com/gassing/topic.asp?h=0&f=141&t=290739

You will need this, set up the power of attorney.

[Seasider]

The weekend crew come to the rescue

Thank you

[seasider]

Anyone know about Special Needs Trusts please ??

Seasider said:

Is the best way to invest the money a Special Needs Trust? If so how do you go about it? Or is there a better type of investment tool?

Cheers guys