A significant number of vulnerable individuals could be failing to claim an average of £75 weekly, or £3,900 annually in Pension Credit
A savvy woman has praised the guidance of Martin Lewis ' Money SavingExpert after successfully claiming Government benefits for her father, which boosted his income by nearly '£8,000 a year'. 'Adele' detailed her experience in an email to the financial advice team, recounting the steps she took that led to the substantial gain.
MSE has identified that while over two million people may qualify for Pension Credit, approximately 880,000 do not claim it. Therefore, many vulnerable people could be missing out on an average of £75 per week, or £3,900 per year. Eligible couples may receive £19.04 extra per week, and singletons £17.01. If you qualify for Pension Credit, you may also be eligible for additional support options, including Housing Benefit, which can help with rent payments if you're unemployed, on a low income or claiming benefits.
Money Saving Expert Pensions State Pension Martin Lewis
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