Time is running out for eligible pensioners to receive £301 from the UK Government’s 2023/24 cost of living support package, warns Independent Age, the national older person’s charity.
The £900 cost of living payment announced last year will be made in three instalments and is for households on many means-tested benefits including Pension Credit, the income top-up for older people on a low income.The Department for Work and Pensions (DWP) recently confirmed that if eligible older people make a claim for Pension Credit before Friday May 19, they will be able to backdate it by the maximum of three months, taking it to within the qualifying period for the £301 payment.
However, it’s important to note that only successful applicants will receive the cost of living payment along with Pension Credit arrears.Pension Credit is a form of financial support that tops-up the income of people over the State Pension age who fall below a minimum income threshold.
It can be worth over £3,500 per year on average, the equivalent to £60 a week.The most recent figures from DWP suggest that an estimated 850,000 eligible pensioners could be missing out on the additional financial support.Even if a person only gets a few pennies extra per week in Pension Credit, it can also unlock additional benefits such as the Warm Home Discount, a free TV licence (for people aged over 75), Council Tax Reduction, help to pay rent and free NHS dental treatment.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.