DWP Warning: 880,000 Missing Out on £3,900 a Year
Around 880,000 pensioners in the UK are not claiming a benefit called Pension Credit, which could amount to a significant boost of up to £3,900 annually. This benefit, previously under-claimed, has seen a recent surge in applications following the government’s decision to reduce the Winter Fuel Payment in the latest budget. The Winter Fuel Payment will now only be available to those receiving Pension Credit, as the government aims to address a £22 billion deficit in public finances.
- Approximately 880,000 pensioners missing out on Pension Credit
- New applications for benefit have spiked after Winter Fuel Payment adjustments
- Pensioners could receive up to £3,900 more per year
In response to the changes, there has been a notable increase in individuals applying for Pension Credit, a benefit designed to supplement monthly income for those in need. Following the announcement, there has been a 115% rise in new applications, with over 38,500 pensioners seeking assistance in just five weeks. This surge has shifted the spotlight on a benefit that has long been under-utilized in the UK.
“Over a million pensioners will continue to receive the winter fuel payment, while many others will also benefit from the £150 warm home discount from October to help with their energy bills over winter.”
Renowned financial expert Martin Lewis has encouraged low-income individuals and pensioners to check their eligibility for Pension Credit by reaching out to the Pension Credit helpline. The recent changes in eligibility criteria for the Winter Fuel Payment have prompted a sharp increase in claims for the benefit, reflecting a greater demand for financial support among pensioners.
“Given the dire state of the public finances we have inherited, it’s right that we target support to those who need it most.”
The Department for Work and Pensions has witnessed a sustained interest in Pension Credit applications in the weeks following the adjustment to the Winter Fuel Payment scheme. The government is advising eligible pensioners to explore their options and ensure they are receiving the support they are entitled to during these challenging times. For further details on how to apply for Pension Credit, visit the official government website.