Pension credit application deadline: date, how to apply and who is eligible

Thousands of people across the UK can claim pension credit – but a new rule coming into force means you could receive it later than expected

Pension Credit is a means-tested benefit that aims to help low-income people by giving them extra income throughout retirement.

Gov.uk explains that “pension credit is an income related benefit made up of 2 parts – collateral credit and savings credit”.

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Thousands of people across the UK can claim pension credit – but a new rule coming into force means you could receive it later than expected

Retirees may be eligible for either or both parts. According to Gov.uk:

– Guarantee credit tops up your weekly income if it is less than £167.25 (for singles) or £255.25 (for couples).

– Credit d’Epargne is an additional payment for people who have saved money for their retirement, for example a pension

You do not pay tax on the pension credit.

The new rules, which affect all pensioners whose partners are younger than the legal retirement age, came into force on May 15, 2019.

However, if you turned 65 before that date, you have until Tuesday, August 13 to submit a backdated claim.

Under this new system, pensioners will only be able to claim pension credit when their younger partners have also reached retirement age. However, couples who are already receiving the benefit will not be affected.

When should I claim and how can I claim?

It is important to submit your application as soon as possible because if you miss the deadline, you will not have another chance to apply.

Gov.uk explains that the quickest way to apply for pension credit is over the phone. A friend or family member can call you, but you must be with them when they call you.

Pension credit application line: Telephone: 0800 99 1234. Monday to Friday, 8 a.m. to 7.30 p.m.

– your national insurance number

– information about your income, savings and investments

– your bank details

single people: Weekly Guarantee Credit – Top up up to £167.25. Savings credit per week: up to £13.73.

Couples: Guarantee Credit per week – Top up up to £255.25. Savings credit per week: up to £15.35.

You can also get more money if you are a carer, severely disabled, responsible for a child or young person, or have certain housing costs.

You may also qualify for a larger pension credit if you are responsible for a child or young person. This is called “child addition”.