Shocking new figures reveal that over 1.4 million British households are missing out on life-changing financial support from the Department for Work and Pensions, with some families owed up to £6,750 annually.
The latest data shows that nearly a million pensioner households who qualify for crucial Pension Credit are not claiming what they're rightfully owed, leaving billions of pounds in government support unclaimed each year.
What is Pension Credit and Why Does It Matter?
Pension Credit provides essential financial support to retired individuals on low incomes. It comes in two parts:
- Guarantee Credit: Tops up your weekly income to £201.05 for singles or £306.85 for couples
- Savings Credit: Provides extra money for those who saved towards retirement
But the benefits don't stop there. Successful claimants also become eligible for:
- Free TV licences for those aged 75+
- Cold Weather Payments during winter months
- Help with NHS dental treatment, glasses and transport costs
- Discounts on council tax bills
Why Are Millions Missing Out?
Experts identify several reasons for the alarming non-claimant rate:
- Lack of awareness: Many simply don't know they qualify
- Complex application process: People find the system daunting
- Pride and stigma: Some feel uncomfortable claiming benefits
- Misinformation: Believing small pensions or savings disqualify them
How to Check Your Eligibility
You might qualify for Pension Credit if you:
- Have reached State Pension age
- Live in England, Scotland or Wales
- Have a weekly income below £201.05 (single) or £306.85 (couples)
Important note: Even if you have savings, a pension or own your home, you may still qualify. The DWP considers various factors in their assessment.
How to Claim What You're Owed
Claiming is simpler than many realise. You can:
- Apply online through the government website
- Call the Pension Credit claim line on 0800 99 1234
- Request a paper application form
The process typically requires details about your income, savings and investments. Claims can be backdated by up to three months, meaning you could receive a substantial lump sum payment.
With rising living costs affecting pensioners disproportionately, ensuring you receive every penny entitled to you has never been more crucial. Thousands of pounds in support are waiting to be claimed – make sure you're not missing out.
