Many Britons are missing out on a £3,000 increase in their state pension – are you eligible?
The Department for Work and Pensions (DWP) has issued a state pension alert to many Britons, warning that many could be missing out.
Pension age in the state Britons are entitled to a variety of benefits, including free NHS prescriptions and cheap travel in some situations. While these can help manage and keep regular costs low, there are other greater support measures that may be available. Those approaching state pension age should examine to see if their circumstances could qualify them to hundreds, if not thousands, of pounds per year.
This will be especially true for people on a low income, who will be eligible for DWP assistance.
Pension Credit, an under-utilized benefit that many people are just unaware of, can help.
Pension Credit, according to the government, is intended to provide extra money to help Britons with their living expenses.
The money can also be used to cover large-but-regular expenses like service charges or ground rent.
Individuals may also get additional amounts from the DWP in specific instances, in addition to the predetermined payment.
If someone is a caregiver, severely disabled, or responsible for a kid or young person, this could happen.
It’s important to note that Pension Credit is distinct from a person’s state pension, and the two amounts have no bearing on one another.
However, the payment is sometimes referred to as a “gateway benefit” because it qualifies Britons for additional assistance.
Housing benefits, such as Housing Benefit, Mortgage Interest Support, and Council Tax Reduction, may be beneficial to the elderly.
Those who require assistance with heating expenditures can get it throughout the winter months.
Pension Credit is also the sole option for over 75s to get a free TV licence, which is a valuable benefit for many.
A person must live in England, Scotland, or Wales to be eligible for Pension Credit.
To be eligible, individuals must also be over the age of the state pension.
A person’s income will be considered when applying, and this could include:
However, some benefits, such as PIP, Council Tax Reduction, and Attendance Allowance, are not considered as income.
However, a person’s savings or investments are likely to influence the amount of money they receive in. “Brinkwire News in Condensed Form.”