Pensions - Articles - This week is key for winter fuel allowance eligibility


Mike Ambery, Retirement Savings Director at Standard Life, part of Phoenix Group said: “Last month the new government announced that the winter fuel allowance for pensioners will now be means tested, with only those claiming pension credit or other means-tested benefits eligible.

 This week is the ‘qualifying week’ for pension credit, which means that you need to be entitled to pension credit for at least one day in week September 16 to 22 to be eligible for a winter fuel payment for this winter. The good news is that as pension credit claims can be backdated by three months, you have until the 21st December to apply - however it’s worth checking your eligibility as soon as you can to make sure you don’t miss out.
 
 “It’s estimated that around 880,000 people who are eligible for pension credit don’t take it up. Some mistakenly believe that if they have some savings or their own home they won’t be entitled to pension credit, while others worry about a perceived stigma attached to claiming. However, eligibility is wider than often assumed and Pension Credit can be a real lifeline when times are tough – especially now. If you’re above state pension age and on a low income, definitely check your eligibility on the government’s online Pension Credit calculator to make sure you’re getting all available help.”
  

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

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.