There are two types of Pension Credit - Guarantee Credit and Savings Credit
Large numbers of pensioners are missing out on DWP financial help that could make a significant difference to their lives, it has emerged. Pension Credit is the most under-claimed benefit aimed at providing additional financial support for older people on a low income - singles and couples.
This means that older people on a low income, particularly those living alone, who make a new claim in August could receive their first payment and any arrears by mid-October. The full New State Pension is now worth £221.20 per week and the full Basic State Pension worth £169.50, data from the Office for National Statistics shows.
Even an award of just £1 per week can unlock additional support. Here's a brief overview of Pension Credit, including eligibility criteria, how to apply, potential amounts you could receive, and where to find help with the application process. You might be able to get more than this if you're disabled or a carer, or you have certain housing costs.The exact amount depends on your income and savings. Your income includes assumed income from savings and capital over £10,000.
Independent Age provides free and confidential advice. Their helpline number is 0800 319 6789, and they can also be reached via email at [email protected]. This implies they cannot claim Pension Credit or pension age Housing Benefit until both partners reach State Pension age. Prior to this DWP change, a mixed age couple could be eligible to claim the more generous State Pension age benefits when just one of them reached State Pension age.You'll need the same details for your partner if you have one. You'll be faced with a series of questions, each offering multiple choice answers.
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