Fri, 20 September 2024 03:08:49am
Related Tags: Pension Credit, Winter Fuel Payment, DWP campaign, pensioner benefits, UK pension support
Unlock £3,900 Yearly: Are You Missing Out on Pension Credit
Unlock £3,900 Yearly: Are You Missing Out on Pension Credit?
As the cost of living continues to rise, especially with the impending increase in energy prices this autumn, many pensioners may be unaware that they could be missing out on a vital financial lifeline. With the Department for Work and Pensions (DWP) launching the Pension Credit Week of Action, now is the time to check if you or your loved ones are eligible for benefits that could be worth up to £3,900 per year. This campaign isn’t just about money—it’s about ensuring that pensioners have access to the support they need during challenging times.
- Joining forces with charities, broadcasters and a range of partners, the campaign will encourage pensioners to check their eligibility and apply
- Up to 880,000 pensioners could be missing out on this cash boost worth on average up to £3,900 per year
Hundreds of thousands of pensioners across the UK may not realize that they are eligible for a substantial financial boost through Pension Credit, a benefit designed to support those in their retirement years. Starting from September 2nd, the DWP will roll out its Pension Credit Week of Action, a nationwide initiative aimed at increasing awareness and take-up of this crucial benefit.
Despite over 1.4 million pensioners already benefiting from Pension Credit, there are still an estimated 880,000 households that have yet to claim what is rightfully theirs. The campaign, in collaboration with charities, broadcasters, local authorities, and various partners, will work tirelessly to dismantle the misconceptions that may be preventing eligible pensioners from applying. Common myths, such as the belief that having a small private pension, savings, or owning a home disqualifies them from receiving Pension Credit, will be addressed head-on.
In addition to the financial benefits, pensioners who qualify for Pension Credit will also be automatically eligible for the Winter Fuel Payment, which can significantly alleviate the burden of rising energy costs. This added advantage makes it all the more critical for pensioners to check their eligibility and apply before the December 21st deadline to ensure they receive these essential funds.
Prominent figures, including Chancellor Rachel Reeves and Work and Pensions Secretary Liz Kendall, have voiced their support for the campaign. They urge not only pensioners but also their families, friends, and neighbors to encourage those who might qualify to take the necessary steps to secure their financial future. With energy prices on the rise and economic challenges looming, this support could be a game-changer for many.
Pensioners with a weekly income below £218.15 for a single person or £332.95 for a couple should not hesitate to explore their eligibility. The DWP has made it easier than ever to apply, with an online calculator available to quickly determine eligibility. For those with severe disabilities, caring responsibilities, or additional housing costs, there may be even more financial support available.
This effort is part of a broader government strategy to ensure economic stability for pensioners, including protecting the Triple Lock and upgrading millions of homes through the Warm Homes Plan. Over the next five years, more than 12 million pensioners could see their State Pension increase by over £1,000, a testament to the government's commitment to supporting its aging population.
The deadline for backdating Pension Credit claims to ensure eligibility for this winter's fuel payment is December 21st. With the qualifying week for Winter Fuel Payments just around the corner, now is the time for pensioners to act. Applications can be made online, by phone, or by mail, and those who qualify will receive their payments automatically without any additional steps required.
Applications for Pension Credit can be made:
- On the How to Claim page
- Over the phone by calling 0800 99 1234 (Monday to Friday 8am to 6pm)
- By printing out and filling in a paper application form
- For more information visit the Pension Credit GOV.UK page.
Pension Credit recipients by region (as of February 2024):
| North East | 73,883 |
|---|---|
| North West | 175,179 |
| Yorkshire and The Humber | 118,633 |
| East Midlands | 95,767 |
| West Midlands | 130,427 |
| East of England | 110,017 |
| London | 190,496 |
| South East | 147,763 |
| South West | 111,251 |
| Wales | 80,927 |
| Scotland | 125,136 |
Key Points
- Pension Credit Week of Action: A nationwide campaign by DWP starting September 2nd to increase Pension Credit take-up.
- £3,900 Average Benefit: Pension Credit could be worth up to £3,900 per year for eligible pensioners.
- Automatic Winter Fuel Payment: Pension Credit recipients also qualify for the Winter Fuel Payment, helping with rising energy costs.
- December 21st Deadline: Last date to backdate claims to receive this year’s Winter Fuel Payment.
- Eligibility Check: Pensioners with low income should use the DWP’s online calculator to determine eligibility and apply.
