He said around 800,000 people could be missing out on the cash
has warned that hundreds of thousands of pensioners could be missing out on over £3,000. In the new MoneySavingExpert newsletter, Lewis revealed that many pensioners are missing out on a ‘critical boost’.
Some 800,000 pensioners are missing out on pension credit - which could see them receive around £3,300 more per year. Lewis has urged those over 66 to see if they’re due the extra payment.This could be a vital boost for anyone affected by the cost of living crisis, which has seen thousands of families and individuals financially struggling. The payment is needed now more than ever to some as we enter the colder months.
Those who are eligible for the payment will receive it based on savings, disabilities and other circumstances too. It’s a benefit top-up of sorts for those who are struggling to make ends meet with what they currently have. You can either get Savings Credit or Guarantee Credit, dependent on your circumstances. The latter sees your weekly state pension boosted to £182.60 if you’re single or £278.70 weekly if you’re a partner.As mentioned, this will be crucial to some as we enter harsher weather.
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