Pensioners encouraged to check eligibility for pension credit as part of awareness initiative
3 min read
Commenting on the DWP’s Pension Credit Awareness Day, an initiative designed to encourage more pensioners on low incomes to access help with bills and a top up to their monthly income, Royal London’s consumer finance specialist, Sarah Pennells, said:
“The fact that so many pensioners are missing out on Pension Credit in the middle of a cost of living crisis is worrying. This benefit provides much needed additional income, but will also mean people qualify for help with rent, council tax and energy bills through the Warm Home Discount Scheme.
“Last month, the government promised extra help with the cost of living, including a payment of £650 this year for people on Pension Credit, paid in two instalments. You had to have started your claim for Pension Credit by 25th May to get the first payment of £325, but the government hasn't yet announced the cut-off date for the second payment, so you could still qualify if you make your Pension Credit claim.”
Eligibility for pension credit can be checked on the Government’s Pension Credit calculator
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About Royal London
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £150 billion, 8.8 million policies in force and 4,262 employees. Figures quoted are as at 30 June 2022.
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