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Pension Credit underclaimed by over 700,000 eligible pensioners

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Pension Credit underclaimed by over 700,000 eligible pensioners
Key Points
  • Pension Credit is the most under-claimed benefit with over 700,000 eligible pensioners not claiming.
  • Many mistakenly believe savings or home ownership disqualify them, and it unlocks additional benefits.
  • Guarantee Credit tops up income to £238 for singles and £363.25 for couples, with extra elements for carers, disability, and polygamous spouses.

4 million currently claiming the support. Many elderly people mistakenly believe that having savings or owning their home disqualifies them from Pension Credit, according to multiple reports. In fact, Pension Credit also unlocks additional benefits such as Housing Benefit, Winter Fuel Payment, Council Tax discount, free TV licence for over-75s, Warm Home Discount, and help with NHS costs.

25 for a couple, according to multiple reports. 05 a week, the DWP said. 15 a week, according to multiple reports.

50. Polygamy is not illegal in the UK if the marriages took place overseas where it is legal, according to multiple reports. 20 every four weeks and applies to single pensioners or couples where one person qualifies, according to multiple reports.

Nearly 78% of new Pension Credit claims are processed within 50 working days, the DWP reported. 8% and be worth an average of £4,300 a year, the DWP said, unlocking further support. 3 million people aged 65 and over were living alone in England and Wales, according to the Office for National Statistics, highlighting the potential reach of Pension Credit.

The exact number of eligible pensioners still not claiming, the total amount of unclaimed benefits each year, and the number of pensioners receiving the carer's or severe disability elements remain unknown.

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Pension Credit underclaimed by over 700,000 eligible pensioners | Reed News