Money Saving Expert Martin Lewis has issued a £3,300 payment warning to over a million Brits. Martin says it's a 'national tragedy' that so many people are missing out on the payment which they are entitled to.
He's warned that almost a million people are missing out on claiming this important pensioner benefit, according to government statistics. Martin explained that Pension Credit is a benefit that tops your income if you're over retirement age.
Pension Credit is also known as a “gateway” benefit as it unlocks council tax help, housing benefit, support with health costs and a free TV Licence for the over 75s. MoneySavingExpert founder Martin says Pension Credit payments can be worth up to £3,300 annually.
