State pension UK: Britons could be missing out on Pension Credit payments – eligibility | Personal Finance | Finance
State pension age has undergone changes recently, meaning for most it is set at the new age of 66. However, for some, state pension has been claimed for years, providing support to older people in retirement. The state pension is based on the number of National Insurance contributions a person makes throughout their lifetime.
Single people entitled to Guarantee Credit can expect a weekly top up to £173.75 and for Savings Credit, up to £13.97 per week.
Couples will get a top up to £265.20 weekly on Guarantee Credit, and up to £15.62 per week on Savings Credit.
But the real issue lies with a lack of take-up when it comes to Pension Credit.
Recent statistics released by the DWP have shown up to one million families eligible to receive Pension Credit did not claim the sum.
There are also other additional benefits to claiming Pension Credit which could help in various areas of life.
It is unlikely recipients of Pension Credit will have to pay Council Tax, and they will also receive free NHS dental treatment.
Renters may be able to get their rent paid in full by Housing Benefit, and homeowners could receive help with mortgage interest.
There are a number of reasons people do not claim Pension Credit.
Independent Age, the older people’s charity, has said issues such as lack of awareness, the stigma of receiving a benefit, and not understanding if one qualifies can all prove barriers to receiving a sum to which a person is entitled.
Britons should always check their eligibility and can do so, as well as applying for the sum, on the government’s website.