Hundreds of thousands of people entitled to pension credit are missing. With the cost of living crisis worsening, now is the time to check whether you or your elderly relative are eligible.
Up to 850,000 people eligible for Pension Credit in 2020 did not apply for the benefit, missing an average of £1,900 a year.
For some, the benefit can be worth more than £3,300 a year and the latest statistics from the Department for Work and Pensions (DWP) revealed that £1.7billion was unclaimed.
Pension Credit is an income-related benefit which tops up a pensioner’s weekly income if it is below £177.10 for a single person or £270.30 for a couple (reaching £182.60 and £278.70 from April 11).
It also acts as a gateway for other benefits, such as council tax assistance, NHS prescriptions and glasses, and the possibility of a free television license.
And with the cost of living crisis, the DWP is launching a campaign to ensure that more people get the allowance. He said the advertisement will appear in internet and social media search results, and flyers will be distributed in local communities.
Reminders will continue to be mailed to all state pension recipients.
“The promotion of pension credit is a priority”
Pensions Minister Guy Opperman said: “We recognize the challenges that some pensioners will face with the cost of living, which is why promoting pension credit is a priority.
“That’s why we’re calling on anyone who has family, friends and loved ones in retirement to check in with them and see if they can get this extra financial support.
“The campaign also includes tackling some of the myths that can keep people from applying, such as having savings, a pension or owning a home are not necessarily barriers to getting credit. pension.
“It also reminds people that even a small reward can provide access to a wide range of other benefits, such as help with housing costs, council tax or heating bills. For people over 75, this includes maintaining the right to a free TV license.
“The Pension Credit can be applied for over the phone and online, ensuring that older people can apply safely and easily wherever they are. The online Pension Credit Calculator is also available to help retirees check if they are likely to be eligible and get an estimate of what they might receive.
Anyone who thinks they or a family member may be eligible can call 0800 99 1234. The following information will be required:
- national insurance number
- Information on income, savings and investments
- Bank details for those applying by phone or mail.
‘Ask for what is rightfully yours’
Caroline Abrahams, Charity Director at Age UK, added: “Pension credit can make a big difference if you are over pensionable age and don’t have a lot of money. With prices rising rapidly right now, this is more important than ever. claim what is rightfully yours. We urge anyone who thinks they are eligible to make a claim and Age UK is here to provide advice and practical support to help you through the process.