Final Call for UK Pensioners
With the clock ticking down, the Department for Work and Pensions (DWP) is making a final appeal to retirees to check their eligibility for Pension Credit. With only 10 days left to claim, eligible pensioners stand to gain not only a significant yearly benefit but also a £299 Cost of Living boost. This comes as part of the government’s effort to provide additional financial support amidst rising living costs.
Understanding Pension Credit
Pension Credit is more than just a benefit; it’s a lifeline for those of State Pension age living on a lower income. Averaging over £3,900 annually, this benefit is designed to help cover daily expenses and ensure a more comfortable living standard for our elders. Minister for Pensions Paul Maynard emphasizes the importance of this support, urging pensioners and their families to use the DWP’s online calculator to quickly ascertain their eligibility.
A Gateway to Greater Support
Claiming Pension Credit by the March 5 deadline does more than just secure an immediate financial uplift. It also unlocks additional aids such as help with housing costs, council tax relief, and contributions towards heating bills. Notably, eligible pensioners can receive the £299 Cost of Living payment, further easing the financial burden in these challenging times.
Bridging the Gap
Despite the clear benefits, a staggering 880,000 households that are eligible for Pension Credit have not yet claimed. For single pensioners, the guarantee is a minimum weekly income of £201.05, and for couples, it’s £306.85. This benefit can be especially crucial for those with disabilities or caring responsibilities, offering them the extra support they need.
How to Claim
Applying for Pension Credit is straightforward and can be done over the phone, online, or by post. The DWP has made it easier than ever to check eligibility and potential benefit amounts with their online Pension Credit calculator. This tool is invaluable for anyone uncertain about their entitlement or how much they might receive.
Applications for Pension Credit can be made:
- On the How to Claim page
- Over the phone by calling 0800 99 1234 (Monday to Friday 8 am to 6 pm)
- By printing out and filling in a paper application form
- For more information visit the Pension Credit GOV.UK page. For extra resources for stakeholders and businesses, the department has also produced a Stakeholder Toolkit.
What’s Next?
With the State Pension set to increase by 8.5% in April 2024, bringing the new full State Pension to £221.20 per week, the importance of claiming Pension Credit becomes even more pronounced. This benefit not only provides immediate financial relief but also ensures pensioners can access broader support, helping them navigate the cost of living crisis with dignity.
Sources: THX News & Department for Work and Pensions.
