Pensioners with a low income can expect to receive up to £1,350 in additional support from the government this year. The money is aimed at helping them combat the soaring living costs and interest rates.
People are entitled to receive a State Pension of £185.15 a week as soon as they reach pension age, reports ChronicleLive. Additionally, those who are retired and on a low income might also be able to receive pension credit, which opens up further benefits.
Under the latest cost of living support, eligible people of state pension age could receive up to £1,051 this year and £299 in early 2024. That is a total of £1,350 in extra financial support. This is how:
