The Department for Work and Pensions (DWP) has issued a four-week warning that thousands of pensioners could miss out on a State Pension boost of nearly £4,000. The warning comes as the DWP urges eligible low-income pensioners to apply for Pension Credit before a key deadline.
Pension Credit is currently the most under-claimed benefit, with an estimated 880,000 eligible pensioners not receiving it. The DWP revealed that nearly 78% of new claims are processed within 50 working days, meaning those who apply this month could receive their first payment and any arrears by the end of December.
The full New State Pension is £221.20 per week, while the Basic State Pension is £169.50. Pension Credit can top up income to a minimum of £218.15 per week for single people and £332.95 for couples, with higher amounts for those who are disabled, carers, or have certain housing costs.
Recent changes to Winter Fuel Payment eligibility mean that Pension Credit claimants automatically qualify for the payment of up to £300. New claims made before December 21 will be eligible for a backdated Winter Fuel Payment.
Many pensioners mistakenly believe that owning their home or having savings disqualifies them from Pension Credit. However, the benefit also provides help with housing costs, heating bills, and Council Tax. The DWP encourages all eligible pensioners to apply promptly.
