The Department for Work and Pensions (DWP) has expressed concern that thousands could be failing to claim their entitled £218 per week Pension Credit. Despite 1.4 million households already benefitting from this financial aid, there's a belief that many more might be eligible.
Pension Credit is a non-taxable benefit afforded to UK citizens who've reached their retirement years. This augments weekly income to ensure it meets a specified minimum threshold of £218.15 for singles and £332.95 for couples.
With the state pension rising in April, an advisory has been released by the DWP. "With pension credit you could get additional financial help, plus other support including a free TV Licence for over 75s," a DWP tweet said, reports Birmingham Live.
Eligibility requirements:
- Residency in England, Scotland, or Wales is mandatory for eligibility. However, the eligibility criteria also include nationals from certain other European nations.
- Applicants must have reached the state pension age, which varies depending on personal circumstances. This can be calculated on the government's website.
As explained by the DWP: "When you apply for pension credit your income is calculated. If you have a partner, your income is calculated together. If your income is higher, you might still be eligible for pension credit if you have a disability, you care for someone, you have savings or you have housing costs."
For further details on income and eligibility, refer to this link.
