Housing benefit rates will be affected by state pension age, according to the DWP.
STATE pension age changes can affect retirees in a variety of ways, including how they might obtain additional state benefits. The Department for Work and Pensions (DWP) revised the way housing benefit rates will be paid out for those who reach pensionable age on or after April 1, 2021 today.
State pension age adjustments should be included into retirement planning on a regular basis, as the government plans to raise retirement ages in the coming years, and the date a person achieves state pension age can alter how they access other state pensions. The Department for Work and Pensions (DWP) amended their housing benefit rate data today, reflecting this.
The Department for Work and Pensions (DWP) updated benefit and pension rate details for the tax year 2021-2022 today.
Thérèse Coffey, Secretary of State for Work and Pensions, revealed how benefit rates would be hiked this year in late 2020, with the increases taking effect in April.
However, today’s modifications to the housing benefit payments were made.
From 2021 to 2022, single or lone parents who achieved state pension age on or after April 1, 2021, will get £177.10 per week in housing benefit payments.
This rises to £270.30 for couples who both attained state pension age on or after April 1.
In the years 2020 to 2021, however, there were no rates applicable for these factors.
If you’re unemployed, on a low income, or receiving certain benefits, housing benefit can help you pay your rent.
It is being phased out in favor of Universal Credit, however those who have reached state pension age or are in supported sheltered or temporary accommodation can still apply.
If any of the following apply to state pensioners, fresh housing benefit claims can be made:
Housing benefit claims can be submitted directly through local governments or as part of a pension credit claim.
However, the government specifies that “the vast majority of people” will be required to apply for Universal Credit rather than housing assistance.
Universal Credit is a state benefit that replaces several legacy benefits and is intended to assist with a variety of living expenses.
This includes the price of childcare, food, and housing.
To be eligible for Universal Credit, a person must meet the following criteria:
Universal Credit claims are submitted online, and if a claimant is eligible, they will be paid. “Brinkwire News in Condensed Form.”