TIME is running out for grandparents to get a cost of living payment worth £324. Around 1.4million hard-up pensioners currently get pension credit, but hundreds of thousands are still missing out b…
worth £150 a year and help with council tax, just to mention a few things.
“Pension Credit can make a real difference and I am determined to make sure this support – worth an average of £3,500 per year – is reaching everyone who needs it.”There are two parts to the benefit and pensioners can be eligible for one or both parts:tops up your weekly income to a guaranteed minimum level. This is £182.60 a week if you're single and £278.70 a week for married couples.provides extra money if you've saved money towards retirement.
For instance, you can get either £56.35 a week or £66.85 per week for each child or young person you’re responsible for.For example, if you have a severe disability you could get an extra £69.40 a week or if you care for another adult you could get an extra £38.85 a week.It is available for people who are over the state pension age, and who live in England, Scotland or Wales., meaning plenty of grandparents are likely eligible.
This means if you're single and move in with a partner who is younger than the state pension age, you will stop being eligible.
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