The Department for Work and Pensions (DWP) is urging state pensioners to check if they're eligible for Pension Credit, a benefit that could boost their income by up to £3,900 annually. Despite its potential to lift pensioners out of financial hardship, many remain unaware they qualify.
What is Pension Credit?
Pension Credit is a means-tested benefit designed to top up the income of pensioners on low earnings. It comes in two parts:
- Guarantee Credit: Tops up weekly income to £201.05 for single people or £306.85 for couples
- Savings Credit: Extra money for those who saved towards retirement
Why Are People Missing Out?
Experts estimate around 850,000 eligible pensioners aren't claiming Pension Credit due to:
- Lack of awareness about the benefit
- Misconceptions about eligibility criteria
- Stigma around claiming benefits
- Complex application process
How to Claim
The DWP has simplified the application process which can now be done:
- Online via GOV.UK
- By phone (0800 99 1234)
- Through paper forms available at local Jobcentres
Successful claims can be backdated by up to three months, meaning some pensioners could receive a lump sum of nearly £1,000.
Additional Benefits
Claiming Pension Credit opens doors to other financial support including:
- Free TV licence for over-75s
- Help with NHS costs
- Reduced council tax
- Cold Weather Payments
The DWP is running an awareness campaign to increase uptake among eligible pensioners, particularly as living costs continue to rise.
