Retirement age: DWP urges Britons to check if they are eligible for pension credit Personal finance | Finance

 Retirement age: DWP urges Britons to check if they are eligible for pension credit Personal finance |  Finance

The Department of Work and Pensions (DWP) reminded members of the public of the potential financial support that pension credit applicants could access. The pension credit gives a person extra money to support themselves if they are past retirement age and have a low income.

It can also help cover housing costs such as ground rent or service charges.
The payment is linked to income and is separate from the state pension.

A person can get a pension credit even if they have other income, savings or own a house.

Besides the financial aspect of the pension credit itself, claiming it could mean that a person can get other forms of help as well.

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This is something the DWP reminded the British of today.
The Ministry issued the message via the verified DWP Twitter account.

“If you get a pension credit, you could also get help with your council tax, heating costs and, if you’re over 75, a free TV license,” he says. .

The DWP then encouraged people to check their eligibility online through the Pension Credit Guide on the GOV.UK website or by calling 0800 99 1234.

In October of last year, the DWP gave the latest update on the estimated use of income-related benefits.

The statistics, published in October 2020, cover the financial year 2018 to 2019.

According to government estimates, six out of ten people entitled to pension credit benefit from it.

During this fiscal year, 76 percent of the total amount of pension credit that could have been claimed was claimed.

Stephen Lowe, group communications director at Just Group, commented on the figures at the time.

He said: “The pension credit is the main state benefit for retirees who are struggling with low incomes, but four in ten who qualify do not apply for it.

“This equates to around a million families not claiming around £ 1.8bn in benefits.

“On an individual level, this suggests that many people who are struggling to make ends meet may not realize they are eligible for financial assistance or find the system too confusing to understand.

“The participation rate is lower among couples (56%) than among single men and single women (65% in both cases).

“Our own research found that four in 10 (42%) of people over the age of 65 had never checked whether they were eligible for a benefit, a figure that is higher among homeowners (49%) and those over the age of 65. aged over 80 (57%).

“At the end of the day, it’s up to people to come out on top.

“Those who have elderly relatives or friends who they see struggling for their income can help them verify.

“The government website has links to useful third-party calculators, while other sources are citizen advice and local councils. ”


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