Retirees generally turn to the state pension to provide them with financial assistance. However, this is not always the only form of help available. Many retirees might find they qualify for the pension credit, which is designed specifically to help low-income people. The benefit supervised by the Department for WorkRead More →

Written by: Emma Lunn 02/24/2022 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. The figures come from the latest earnings-related benefit figures from the DWP, which found that a third of those eligible for pensionRead More →

Pension Credit is a useful tax-free income and savings supplement that opens the door to many other financial benefits. Yet the Department for Work and Pensions says up to a million pensioner households eligible for the credit are not claiming it. In this guide we answer: Pension Credit is aRead More →

Pension Credit payments will increase by 3.1% from April 2022. From April weekly payments will be increased to £182.60 for single claimants, with those in a couple increasing to £278.70 £. “Anyone who thinks they might be eligible for pension credit should contact the DWP. Even if you’ve been turnedRead More →

Benefit payments confirmed by the DWP will rise 3.1% next year, in line with the Consumer Price Index (CPI). This means that pension credit rates will increase across the board. Pension credit rate Currently, Pension Credit tops up weekly income to £ 177.10 for single applicants or £ 270.30 forRead More →

The subject of the pension credit, a means-tested benefit that consists of two parts, the savings credit and the guarantee credit, was discussed on Monday during questions on real work and pensions in the House of Commons. communes. MPs posed questions to Work and Pensions Secretary Therese Coffey and herRead More →

More than a third (40%) of those eligible for Pension Credit have not claimed the benefit, with up to £2.5billion unclaimed, new government statistics have revealed. New statistics from the Department for Work and Pensions (DWP) have shown that 30% of available credit goes unclaimed, with families who qualify butRead More →

The pension credit was introduced in 2003 to financially help Britons reach retirement age. The plan is income-linked and helps low-income people with additional payments. But many don’t realize how much they’re entitled to, and with the upcoming changes to pension credit, you might be missing out. What is theRead More →

In recent years, traditional retirement plans, also called pension funds, have been gradually disappearing from the private sector. Today, public sector employees, such as civil servants, are the largest group with active and growing pension funds. This article explains how other traditional pension plans work. Key points to remember TraditionalRead More →

You must live in England, Scotland or Wales and be of statutory retirement age to be eligible for pension credit. If you are from the EU, Switzerland, Norway, Iceland or Liechtenstein, you and your family usually also need settlement or pre-settlement status under the settlement program of the EU toRead More →