People are being urged to check if they are missing out on a cash boost worth thousands of pounds each year.
The Department for Work and Pensions (DWP) sent a message out on Twitter on Monday, asking people to check their entitlement for Pension Credit. It said that those who are over State Pension age and on a low income could be missing out.
Those who qualify for Pension Credit could be on average £3,500 a year better off, according to the DWP. Age UK recently estimated that around a third (34%) of pensioners eligible to claim Pension Credit are still missing out on the cash, reports the Liverpool Echo.
Read More: DWP warning for Universal Credit claimants expecting £301 cost of living payment next week
Pension Credit is a tax-free payment for those who have reached State Pension age and live in the UK. The payment tops up weekly income to a guaranteed minimum level, and as of April 2023, this is now £201.05 for single pensioners, or £306.85 for couples. "Income" includes:
- State Pension
- other pensions
- earnings from employment and self-employment
- most social security benefits, for example Carer’s Allowance
People may still be eligible for Pension Credit if they have not paid National Insurance contributions, have some savings or a small pension, live with their grown-up family, and/or own their own home. The DWP has previously said there are common misconceptions that may be putting people off applying for Pension Credit.
Gov.uk clarifies that people of State Pension age may be entitled to Pension Credit even though they may have modest savings, or a retirement income or own their own home. It adds: "An award of Pension Credit can provide access to a range of other benefits such as help with housing costs, council tax, heating bills and for those aged 75 or over, a free TV licence".
To find out more about Pension Credit eligibility, or to apply, click here or call 0800 991 234.
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