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Pension Credit deadline

7 December 2023

Pension Credits can provide extra income to those over State Pension age and on a low income. The credits were first introduced in 2003 to keep retired people out of poverty. Pension Credit can top up: your weekly income to £201.05 if you are

Pension Credits can provide extra income to those over State Pension age and on a low income. These were first introduced in 2003 to keep retired people out of poverty.

Pension Credit can top up:

  • your weekly income to £201.05 if you are single; or
  • your joint weekly income to £306.85 if you have a partner.

If your income is higher, you might still be eligible for Pension Credit if you have a disability. Additionally applies if you care for someone, you have savings or you have housing costs. Not all benefits are counted as income.

Those who submit a Pension Credit before December 10, 2023, could potentially receive an additional £300 boost for the cost of living, in addition to the average annual support of £3,900. This occurs because successful applicants can have their claims backdated for up to three months, provided they were eligible to receive it during that time. HMRC estimates that many entitled pensioners have not yet made a claim for the credit.

Details of how to make an application for Pension Credit can be found on GOV.UK at https://www.gov.uk/pension-credit/how-to-claim 

Minister for Pensions Paul Maynard said:

‘We want every pensioner to receive all they help they can and with time ticking down to deadline day and the window drawing to a close, now’s the perfect time to check out our Pension Credit calculator and make sure you or your loved ones aren’t missing out on this vital support. In many cases, it’s an open goal to more money in your pocket.’

Recipients of Pension Credits automatically receive cold weather payments and, if aged 75 or over, are eligible to apply for a free TV licence.

Source: Department for Work & Pensions Tue, 05 Dec 2023 00:00:00 +0100

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