A number of people have been warned by the Department for Work and Pensions (DWP) that they could be missing out on payments that will soon be worth up to £201 each week.
The DWP has urged people in a tweet to check their entitlement for Pension Credit. It added that those who are over State Pension age and on a low income could be missing out.
The warning comes after Age UK recently estimated that around a third (34%) of pensioners eligible to claim Pension Credit are still missing out on the cash.
Are you planning an event for King Charles III’s Coronation? Let us know here
As reported by the Liverpool Echo, pension Credit is a tax-free payment for those who have reached State Pension age and live in the UK.
The payment tops up weekly income to a guaranteed minimum level, and from next month this will be £201.05 for single pensioners, or £306.85 for couples.
"Income" includes:
- State Pension
- other pensions
- earnings from employment and self-employment
- most social security benefits, for example Carer’s Allowance
People may still be eligible for Pension Credit if they have not paid National Insurance contributions, have some savings or a small pension, live with their grown-up family, and/or own their own home.
The government department has previously said there are common misconceptions that may be putting people off applying for Pension Credit.
Gov.uk clarifies that people of State Pension age may be entitled to Pension Credit even though they may have modest savings, or a retirement income or own their own home.
It adds: "An award of Pension Credit can provide access to a range of other benefits such as help with housing costs, council tax, heating bills and for those aged 75 or over, a free TV licence".
To find out more about Pension Credit eligibility, or to apply, click here or call 0800 991 234.
READ NEXT:
DWP State Pension error means thousands could be owed £6,900
DWP's new cost of living payments from April 2023 – who gets them and when
145,000 young people owed share of huge £394m fund just waiting to be claimed
DWP Universal Credit payment dates expected to change over five bank holidays in April and May 2023
DWP issue warning to millions of Universal Credit claimants after budget announcement
