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 →

Who should read All housing allowances (HB) Staff action For information Topic Universal Credit (Persons Having Attained State Pension Credit Eligibility Age) Regulations, 2020 (Amendment) Orientation Manual The information contained in this circular does not affect the content of the HB Orientation manual. Queries Additional copies of this circular /Read 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 →

Integrity Photos IncGetty Images “What is the pension credit? Is searched 9.3,000 times per month, making it the most asked pension question in the UK, according to Profile Pensions, The pension credit is a weekly ‘top-up’ benefit for people who have reached retirement age and have low incomes. It isRead More →

The pension credit was pushed by the DWP today as applicants were reminded that they could receive additional help with their energy bills. That direction came when it emerged that SSE, Ovo Energy, Scottish Power and E.On were all set to increase their prices from October 1. A full listRead More →

State pension payments can provide significant financial assistance, however, some Britons may even be eligible to receive additional sums of money. One payment that could be particularly useful for those who have reached retirement age is the pension credit, designed to provide a “top-up” to retirees. The sum is dividedRead 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 →

State pension payments will increase each year by the higher of 2.5% inflation figures or average incomes and these measures are taken throughout the year. For the current year inflation and income growth have been, understandably, low, and as such, it has been confirmed that payments will increase by 2.5%Read More →

If you’re looking for extra money in retirement, as unfortunately too many retirees are, it’s worth checking that you’re claiming all the state benefits you’re entitled to. Surprisingly, millions of low-income retirees are not claiming maximum government support, often because they don’t know what is available. The pension credit isRead 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 →

Almost half (46 percent) of eligible retired homeowners claim no state benefits, according to Just Group ‘s tenth annual state benefit survey. Research suggests they could run out on average £ 1,423 per year per household. Another two in 10 people (18%) claim state benefits but receive too little, accordingRead 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 →