Pensions - Articles - Pensioners urged to check if they qualify for pension credit


Pensioners must check whether they qualify for Pension Credit ahead of 31st July or risk losing entitlement to their free TV licence according to Royal London.

 Free TV licences used to be available to everyone over the age of 75. However, from 1st August 2020 only pensioners aged over 75 and in receipt of Pension Credit will qualify.
 
 Pension Credit is a valuable benefit topping up a pensioner’s weekly income if it’s below £173.75 for single pensioners and £265.20 for pensioner couples. It also acts as a gateway to other benefits including help with council tax and utility bills. However, take up remains stubbornly low with up to 1.2m families who could claim Pension Credit not doing so.
 
 In February 2020 the Department for Work and Pensions launched a 12 week national awareness campaign aimed at boosting Pension Credit take up. An FOI tabled by Royal London showed application numbers were boosted by almost 40,000 during this time. However, there are still many thousands of people who could qualify that have yet to do so.
 
 Helen Morrissey, pension specialist at Royal London, said: “Pension Credit is there to help the very poorest of pensioners and it is vital that all those who are able to claim do so. Those who don’t will need to pay for their TV licence and miss out on important assistance with other bills. The recent DWP awareness campaign has boosted take up but there is still such a long way to go to raise awareness of this valuable benefit.”
 
 You can claim Pension Credit online, by phone or through the post. More details can be found here 
 
  

Back to Index


Similar News to this Story

2025 is a key year for pensions to consider their endgame
Aon has said that 2025 is a key year for UK pension schemes and has formed the UK Endgame Strategy team to help schemes with the decision-making proce
How pension tweak could save employers thousands
National Living Wage increased this month from £11.44 to £12.21 per hour. Employer National Insurance (NI) has also risen and the threshold at which e
2024 pension contributions surge but gender gap widens
New analysis from PensionBee highlights a sharp increase in pension contributions in 2024, despite ongoing pressures on household budgets.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.