Older people with weekly income less than £218 could be due £3,900 annual top-up

The latest figures from the Department for Work and Pensions show that at the end of November 2023, there were nearly 1.4 million people over State Pension age receiving additional financial support through Pension Credit, including over 126, 900 living in Scotland. The means-tested benefit provides an annual income top-up worth £3,900 - on average - for older people on a low income.

Some older people think because they have savings or own their home they would not be eligible for the means-tested benefit, which can also provide access to help with housing costs, heating bills and Council Tax.Pension Credit tops up weekly income to a guaranteed minimum level of £218.15 a week for single pensioners or £332.95 for couples. It is a tax-free payment for those who:

The DWP has also published a new video on YouTube which offers a complete step-by-step guide to using the online calculator. You can watch it here. The benefit tops up income to a minimum of £218.15 per week for single pensioners and £332.95 for couples - more if a person has a disability or caring responsibilities.If you qualify for Pension Credit you can also get other help, such as:

Latest State Pension News How to use the Pension Credit calculator To use the calculator on GOV.UK, you will need details of:You will be presented by a series of questions with multiple choice answer options.Once you have answered these questions, a summary screen shows your responses, allowing you to go back and change any answers before submitting. The Pension Credit calculator then displays how much benefit you could receive each week.

This means you can get up to three months of Pension Credit in your first payment if you were eligible during that time.If you’re backdating your claim, you’ll need details of your income, savings and investments on the date you want your claim to start.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Older people with weekly income less than £218 could be due £3,900 annual top-upA successful new claim for Pension Credit can also unlock help with heating bills, housing costs and Council Tax.
Source: Daily_Record - 🏆 9. / 89 Read more »