New figures from the Department for Work and Pensions (DWP) show that applications for Pension Credit have surged by 44 per cent in the year following the announcement that Winter Fuel Payments would be restricted to those on Pension Credit and other income-related benefits. The number of claims rose by 98,200 to reach 320,300 by the end of July 2024.
During this period, around 181,100 Pension Credit applications were processed and approved, an increase of 57,200 successful claims compared to the previous year. Pension Credit now supports 1.4 million elderly people on low incomes across the UK. David Brooks, Head of Policy at Broadstone, commented: 'It is great news over 57,000 more pensioners entitled to Pension Credit are now receiving this important financial benefit.'
Pension Credit remains the most under-claimed benefit, designed to provide extra financial help for older people on modest incomes. Many pensioners mistakenly believe that savings or home ownership disqualify them. An entitlement of just £1 per week can unlock additional support with housing costs, heating, and Council Tax.
There are two types of Pension Credit: Guarantee Credit and Savings Credit. To qualify for Guarantee Credit, you must be State Pension age (66) and have a weekly income below £227.10 for a single person or £346.60 for a couple. Higher amounts may be available for those who are disabled, carers, or have certain housing costs.
Pensioners can check eligibility using the online Pension Credit calculator on GOV.UK or call the helpline on 0800 99 1234 (Monday to Friday, 8am to 6pm). Successful claimants may also access help with housing benefit, council tax reduction, and other support.
