Hundreds of thousands of pensioner households are missing out on Pension Credit.
Retirement expert Helen Morrissey has warned the Department for Work and Pensions faces an ‘enormous challenge’ encouraging eligible pensioner households to claim Pension Credit after new data revealed that more than 750,000 people over the age of 66 were entitled to the £3,900 income boost last year, but did not claim it.
The DWP figures also indicate that around two-thirds of those entitled to Pension Credit claimed the benefit last year, an increase from 63 per cent in 2022/23. However, the head of retirement analysis at Hargreaves Lansdown, added: “The scale of the challenge is enormous, with more than 750,000 families who could receive pension credit not claiming it.
“Each year, our Independent Age advisers hear from thousands of older people living in financial hardship who are forced to make decisions such as whether to wash in warm water or eat fresh vegetables. Latest Pension Credit News Some older people think because they have savings or own their home they would not be eligible for the means-tested benefit, however, an award of just £1 per week is enough to unlock other support, including Winter Fuel Payments.
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