State Pension payments increased by 10.1 percent last month for millions of older people across Great Britain. However, it is estimated that more than 1.8 million pensioners living on their own have an income of less than £100 per week, Daily Record reports.
Department for Work and Pensions (DWP) figures indicate 12.6 million people are now receiving State Pension payments. This includes 9.7 million people on the Basic State Pension, which is now worth up to £156.20 per week and 2.9 million on the New State Pension, which is worth up to £203.85 per week.
Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown, warns at least some of those on the lowest State Pension payments could be missing out on Pension Credit, a benefit delivered by the DWP which is worth more than £3,500 each year in financial support and discounts which could increase their income.
