Martin Lewis issues ‘big plea’ to pensioners ‘missing out on top ups’ worth £3,000 a year
Martin Lewis provides clarification on pension credit payments
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On ITV’s This Morning, the money saving expert answered a viewer’s question about if she was eligible for the £650 cost of living support being on Pension Credit. He urged Britons to check if they are eligible for Pension Credit as this can open up the door for not only the £650, but many other benefits.
He stated it’s “a tragedy” for pensioners to be missing out, especially in the cost of living crisis.
Fadia called in explaining that she receives the Guarantee Credit element of Pension Credit and she also gets Attendance Allowance.
She asked the money saving expert if she is entitled to the £650 cost of living support payments.
Mr Lewis said: “Yes absolutely. You’re entitled to the £650 as long as nothing changes with it.
“Being on Pension Credit is one of the core eligibilities, either the Guarantee Element or the Savings Element of Pension Credit then you get that money.
“The one difference with Pension Credit and the other benefits that qualify for the extra £650 – that will be split into two payments of £325 each – is on Pension Credit to get the first payment you didn’t have to be eligible at the time .
“It was announced you can apply for Pension Credit until nearly the end of August.
“And a big plea to anybody out there. If you are on a state pension and your partner is of pension age, if you have one, and you have earnings under £200 a week, check out if you are entitled to Pension Credit.
“800,000 in the UK who have paid into the system for all these years are missing out on this top up to income that can be worth thousands of pounds.
“It’s also the gateway to the £650 benefit, it’s always the gateway for when you’re 75 to getting a free TV licence. It’s a gateway to council tax reductions and housing benefits.”
The money expert explained that Pension Credit is “the most important” benefit for people that are of state pension age because it could be a lifeline for pensioners on low incomes.
State pension age in the UK is currently 66, but this could rise in upcoming years.
Over 800,000 pensioners could be missing out on up to £4,000 each year because they are not claiming Pension Credit, as well as other benefits included.
He continued: “So if that’s triggering a bell and you have income under £200 a week, check out if you’re eligible.
“I’m not saying you are but go on the GOV.UK website to see if you’re eligible for Pension Credit or call the Pension Credit hotline.
“In this cost of living crisis it is a tragedy that so many pensioners are missing out on a massive top up called Pension Credit.
“Let’s get the word out as someone else may be able to claim the £650 towards energy bills too.”
Pension Credit is administered by the Department of Work and Pensions and gives people extra money to help with their living costs if they are over state pension age and on a low income.
If someone gets Pension Credit, they can also get other help, such as:
- £650 payment to help with the cost of living
- Housing Benefit if they rent the property they live in
- Support for Mortgage Interest if they own the property they live in
- A Council Tax discount
- A free TV licence if they are aged 75 or over
- Help with NHS dental treatment, glasses and transport costs for hospital appointments
- Help with their heating costs through the Warm Home Discount Scheme
- A discount on the Royal Mail redirection service if they are moving house
One of the quickest ways to find out if a person is eligible, and how much extra they could potentially be paid every week, is to use the Pension Credit calculator on the GOV.UK website. People can start their application up to four months before they reach state pension age.
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