The DWP benefit is 'critically underclaimed' - find out if you are eligible and how to claim here, as Chancellor Rachel Reeves is expected to confirm that benefit payments will increase 1.7% next April
Martin Lewis has delivered a stark caution to pensioners in the run-up to today's Autumn Budget, set to be unveiled by Chancellor Rachel Reeves on October 30. On his ITV show, Mr. Lewis highlighted that many pensioners aren't claiming Pension Credit, which he describes as "critically underclaimed" despite it offering an average boost of £3,900 to eligible claimants' incomes.
He also noted, "I think that is a very tight means test and Pension Credit is critically underclaimed. Not enough people who are eligible are claiming it, about 700,000 are missing out." Chancellor Rachel Reeves is expected to confirm a modest benefit payment rise of 1.7% this coming April in her Budget announcement.
Additionally, claimants are eligible for the Winter Fuel Payment, which is worth £200 or £300 this year. The eligibility rules for this have recently changed, meaning you now need to be on a means-tested benefit like Pension Credit to qualify - previously, it was a universal benefit for people of state pension age.
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