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 →

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 →

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 →

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 →

Full board credit: your weekly income at £ 177.10 if you are single your joint weekly income of £ 270.30 if you have a partner You can get additional amounts if you have other responsibilities and costs. The top-up and the additional amounts are called “guarantee credit”. If you haveRead 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 →