FreeBen Pension Credit Calculator and Universal Credit Calculator
 
 
FreeBen Pension Credit Calculator and Universal Credit CalculatorCalculate Pension Credit and Universal Credit
FreeBen Pension Credit Calculator and Universal Credit CalculatorCalculate Pension Credit and Universal Credit
FreeBen Pension Credit Calculator and Universal Credit CalculatorCalculate Pension Credit and Universal Credit
FreeBen Pension Credit Calculator and Universal Credit CalculatorCalculate Pension Credit and Universal Credit
FreeBen Pension Credit Calculator and Universal Credit CalculatorCalculate Pension Credit and Universal Credit
FreeBen Pension Credit Calculator and Universal Credit CalculatorCalculate Pension Credit and Universal Credit

Welcome to FreeBen

FreeBen is the multi-award winning Pension Credit calculator and Universal Credit calculator for financial advisers

If you need to assess your clients' entitlement to means tested benefits and are looking for an easy-to-use, cost-effective solution backed up by excellent service then look no further.

Since we launched FreeBen in 2009 we have established ourselves as the preferred solution for many of the biggest names in Equity Release in the UK.

We won Best Technology Provider at the Equity Release Awards in 2013 and again in 2014.

FreeBen is really easy to use - just register for a 30-day free trial and we will set you up with access to the system. From there you just log on using any compatible web browser, and create cases via the user-friendly, intuitive interface.

 

With FreeBen you can:

  • Instantly assess your clients' entitlement to Pension Credit and Universal Credit - essential when advising on Lifetime Mortgages and Home Reversions.
  • Produce UNLIMITED benefits entitlement reports created instantly on your PC or laptop using our Online calculator.
  • View the results, print or save the reports and store the case details so you can retrieve them later.

Use in England, Scotland, Wales AND Northern Ireland

At less than £4 per month, FreeBen is the most cost-effective means tested benefits assessment tool on the market

Register Now for a 30-day free trial.

Pension Credit Calculator

Pension Credit is a means tested benefit for people over State Retirement Age.

It consists of two elements - the Guarantee Credit, and the Savings Credit.

The Guarantee Credit is designed to ensure a minimum income for those whose pension provision does not reach the means test level. With the arrival of the new State Pension,  many people retiring after 5th April 2016  will receive a State Pension above this level. However many of those retiring before this date will receive a lower level of state pension and will be eligible to have this topped up with Pension Credit.

The Savings Credit element is  a top-up benefit available to those aged 65 and over who have made a modest provision for their retirement. It is in the process of being phased out and over recent years the amounts payable have steadily reduced in value. It is not available to most new claimants reaching State Retirement Age after 5th April 2016.

Extra amounts of Pension Credit may be available for those who are severely disabled, carers or who have certain housing costs. For homeowners, this can include mortgage payments and certain other loans secured on their home, and (if their property is leasehold) ground rent. For tenants it can include rent payments.

If you are dealing with older clients who are not currently in receipt of Pension Credit, that doesn't necessarily mean that they are not entitled to it. Many people are simply not aware that they may be entitled to receive Pension Credit. In some cases, they choose not to apply, even though they may well be eligible.

Changes in your clients' financial circumstances can affect their eligibility for means tested benefits.

A quick check using the FreeBen Pension Credit Calculator will tell you whether your clients may be eligible for Pension Credit.

 

Universal Credit Calculator

Universal Credit is a means tested benefit for people of Working Age.

Introduced over recent years to replace a raft of legacy benefits and tax credits, it is designed to be a much simpler system for claimants to negotiate,  and to enable them to work while claiming.

Universal Credit replaces the following benefits and tax credits for new claimants:

  • Jobseeker’s Allowance
  • Housing Benefit
  • Working Tax Credit
  • Child Tax Credit
  • Employment and Support Allowance
  • Income Support

Claimants currently receiving the legacy benefits and tax credits will be moved onto Universal Credit over time.

Universal Credit includes extra amounts for those who are disabled, carers, parents with dependent children, or who have certain housing costs.

There is no limit to the number of hours claimants can work while receiving Universal Credit; the amount they earn will determine how much Universal Credit they receive.

People with over £16,000 of capital in the form of such things as savings, stocks and shares, ISA's etc are not eligible for Universal Credit.

Universal Credit is in the process of being rolled out across the UK and is expected to be applicable to all eligible new claimants by September 2018. Claimants currently receiving legacy means tested benefits will be transferred onto Universal Credit after this rollout is complete.

Use the FreeBen Universal Credit Calculator to find out whether your clients may be eligible for Universal Credit.

Partners & Accreditations

FreeBen Pension Credit Calculator and Universal Credit Calculator
FreeBen Pension Credit Calculator and Universal Credit Calculator
FreeBen Pension Credit Calculator and Universal Credit Calculator
FreeBen Pension Credit Calculator and Universal Credit Calculator

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