THOUSANDS of pensioners could miss out on £70,000 or more worth of Pension Credit if they don’t sign up before the deadline next week. The new rules, which affect any retirees with partners t…
THOUSANDS of pensioners could miss out on £70,000 or more worth of Pension Credit if they don't sign up before the deadline next week.
Under the new system, pensioners won't be able to claim Pension Credit until their younger partners reach retirement age. tops up your weekly income to a guaranteed minimum level. This is £167.25 a week if you're single and £255.25 a week for married couples.provides extra money if you've saved money towards retirement. You can get an extra £13.75 a week for a single person or £15.35 a week for a married couple.
For instance, you can get either £53.34 a week or £63.84 per week for each child or young person you’re responsible for.The government has said that the changes will cost couples £7,000 a year on average.The charity found that one in 12 couples report having an age gap of ten years or more, meaning they will lose out on over £70,000 while they wait for their partner to reach his or her state pension age.
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