Thousands continue to miss out on Pension Credit
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Thousands of people are continuing to miss out on vital help in the form of Pension Credit.
Pension Credit is a benefit available for people over state pension age who are on a low income. It tops their income up to a minimum amount – for a single person, it’s £227.10 per week, or £346.60 for a couple. The benefit could be worth up to thousands of pounds a year.
There are other perks you can get with Pension Credit, too, like a free TV licence, worth around £175 a year.
Yet, new figures show that around a third (32%) of people who are eligible for the benefit aren’t claiming it.
But therein lies the problem. Pension Credit has to be proactively claimed, and that leads to a take-up issue for any benefit.
Not only are many people unaware that Pension Credit even exists, but of those that are, many find the application process too complicated.
Some elderly people have never had to manage their own finances before and don’t have the relevant paperwork to hand, too.
To check if you or a relative or loved one might be eligible for Pension Credit, try using the government’s eligibility calculator.
You may qualify if you receive less than the headline amount in income from all of your pensions, including state pension and private pensions.
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