New data released by the Department for Work and Pensions (DWP) has uncovered a significant shortfall in benefit claims, with approximately 910,000 pensioner households across the UK missing out on vital financial support. These individuals are eligible for Pension Credit, a top-up payment averaging £80 per week, which translates to around £4,300 extra income each year.
Substantial Sums Left Unclaimed
The scale of non-claiming is substantial, with an estimated £2.5 billion in available support remaining untouched. Pension Credit is designed to supplement the income of those on the New State Pension whose weekly earnings fall below specific thresholds. For single pensioners, this applies if their total weekly income is less than £227.10, while for couples, the combined weekly income must be under £346.60 to qualify.
Common Misconceptions and Barriers
Many elderly people may be incorrectly assuming they are not entitled to this benefit due to a variety of common misconceptions. These include believing that having savings, owning their own home, being in part-time work, receiving a small occupational pension, or having been turned down in the past disqualifies them. In reality, these factors do not necessarily preclude eligibility.
Additional psychological and practical barriers also prevent claims. Some pensioners feel a stigma about being seen as needing state support, while others believe they can manage without it. There is also a perception that the amount received would be too small to justify the application process, or that the subject is overly complex and confusing. Others simply have not got around to applying, do not identify as a typical benefit claimant, or worry that claiming might disrupt other existing benefits they receive.
How to Check Eligibility and Claim
Older people, along with their friends and family, can quickly and easily check their eligibility for Pension Credit. The online Pension Credit calculator available on the official GOV.UK website provides a straightforward way to receive an estimate of potential benefits. For those ready to submit a claim, the Pension Credit helpline can be contacted directly by calling 0800 99 1234. Taking these steps could unlock crucial financial assistance for hundreds of thousands of pensioners currently living on a tighter budget than necessary.
