Martin Lewis is urging 800,000 people aged 66 or over to check if they are eligible for a “vital” annual income top-up worth around £3,500, on average. Pension Credit is a benefit delivered by the Department for Work and Pensions (DWP) that is designed to help low-income pensioner households access extra financial support.
In a special pensions edition of The Martin Lewis Money Show Live, the consumer champion urged older viewers who are not on the full State Pension to check if they qualify for the ‘gateway’ benefit which can also provide help with housing costs, heating bills, Council Tax reductions, cost of living payments and free TV licences for the over-75s.
The founder of MoneySavingExpert.com also urged people to share his simple rule of thumb with any friends or family members of State Pension age who may be eligible for the benefit.