Did you know that an estimated £1.7 billion is left unclaimed by around 800,000 thousand pensioners who are missing out on their Pension Credit?
Residents can use the Pension Credit calculator to find out if they are eligible and to find out how much they may be entitled to. “If you work with people over State Pension age, are related to them or know someone who might be eligible, then please encourage them to find out more about this support which may be worth more than £3,300 a year on average.” The Pension Credit will help top up people’s state pension and can help with other bills.
Pensioners and their loved ones are being urged to take up Pension Credit as new figures show an estimated £1.7 billion in benefit is being left unclaimed.
The online Pension Credit calculator is also on hand to help pensioners check if they’re likely to be eligible and get an estimate of what they may receive. Pension Credit can be a really important boost for older people who are struggling with a low income. My simple rule of thumb is if you (or someone you know) are aged 66 or older, and have total income of under roughly £200 a week, get online or call the Pension Credit claim line to see if you’re due a payment that can be as much as £3,300 a year. For those over 75, this includes continued entitlement to a free TV licence. - Pension Credit is designed to help with daily living costs for people over State Pension age and on a low income, though you do not need to be in receipt of State Pension to receive it Amidst the cost of living crisis, it’s a national tragedy that getting on for a million pensioners are missing out on a major income boost.
While more than 1.4 million pensioners are receiving Pension Credit, many are not claiming this extra financial help that can also be a gateway to other ...
Pension Credit is designed to help with daily living costs for people over state pension age and on a low income. And not only is this serious money, it's also often a gateway entitlement that means you're due a range of other support, such as council tax reductions, the £650 extra energy funding help, warm home discount, housing benefit, dental and optical treatments and, for the over-75s, a free TV licence." An online Pension Credit calculator can help pensioners check if they are likely to be eligible and get an estimate of what they may receive. You can check your state pension age using the Government calculator. While more than 1.4 million pensioners are receiving Pension Credit, many are not claiming this extra financial help that can also be a gateway to other benefits. The DWP said it will be providing leaflets for local communities, while businesses can also spread the word to their customers.
More than 770000 people are missing out on more than £1.7 billion in unclaimed Pension Credit - are you one of them?
"Pension Credit is a gateway to other financial support, and we estimate that if someone received all the additional money that Pension Credit provides a springboard to, they could get up to £7,000 a year more money in their pocket. Those in receipt of Pension Credit also have a passport to additional help coming this year designed to further ease the cost-of-living crisis such as Rishi Sunak's additional £650 payment, expected next month, for those on means-tested benefits. If you have a severe disability you could also get an extra £69.40 a week in Pension Credit if you also claim other specific support payments. He explained: "Pension Credit can act as a vital lifeline for people aged over 66 who might be on a low income and it is crucial for people to find out whether they are eligible to claim. The Government has set pre-determined weekly income amounts it says people in the UK of state pension age need to live off. Pension credit is designed to top up people's retirement income when they reach state pension age, but it has the lowest uptake of any income-related benefit.
Pension credit gives you extra money to help with your living costs if you're over state pension age and on a low income.
This means you can get up to three months of pension credit in your first payment if you were eligible during that time.” Pension credit can also help with housing costs such as ground rent or service charges.” You cannot build up extra amounts for deferring your state pension if you or your partner are getting pension credit. If your income is higher, you might still be eligible for pension credit if you have a disability, you care for someone, you have savings or you have housing costs. - you and your partner have both reached state pension age - your joint weekly income to £278.70 if you have a partner
PENSIONERS are being urged to take up Pension Credit as alarming new figures show an estimated £1.7billion is left unclaimed.
Yet, hundreds of thousands are missing out on money from the Department for Work and Pensions (DWP) which could make a big difference to their lives. - Homeowners can apply for up to £10,000 to pay for a boiler Martin Lewis, founder and chair of MoneySavingExpert.com, said: "Amidst the cost of living crisis, it’s a national tragedy that getting on for a million pensioners are missing out on a major income boost. Some people are put off applying because they earn just less than the threshold but it’s important to note that just qualifying for a little bit of Pension Credit opens up the door to so many other freebies that could save people thousands. Applying for this state benefit will mean their earnings are topped up to £182.60 a week if they are single. As energy bills are set to rise again in October, has today issued a reminder to pensioners and their families to check whether they are receiving all the financial help they are entitled to.
Pension Credit can act as a gateway to a range of other benefits, such as help with housing costs, council tax or heating bills and a free TV licence.
It can be claimed by phone and online. “My simple rule of thumb is if you (or someone you know) are aged 66 or older, and have total income of under roughly £200 a week, get online or call the Pension Credit claim line to see if you’re due a payment that can be as much as £3,300 a year. If your income is higher, you might still be eligible for Pension Credit if you have a disability, you care for someone, you have savings or you have housing costs. An online Pension Credit calculator can help pensioners check if they are likely to be eligible and get an estimate of what they may receive. You are eligible if you have reached state pension age and if your weekly income is less than £182.60 if you’re single, or £278.70 if you’re a couple.What counts towards your income? your joint weekly income to £278.70 if you have a partner