State pensioners born before 1960 are being urged to come forward for a Pension Credit boost worth up to £1,574 a month for couples, with around 910,000 eligible over-65s currently missing out on the extra cash.
Pension Credit tops up incomes to as much as £1,574 a month for couples, according to BirminghamLive. Single pensioners can top-up their weekly income to £238, while the amount rises to £363.25 if part of a couple. That means up to £1,574 a month.
The exact amount paid out depends on individual circumstances and how much money people get each month, as it is a top-up. On average, it is worth an extra £4,300 a year, showing the huge difference Pension Credit can make.
Why many pensioners miss out
Many older people don't claim Pension Credit, and there are fears it is misunderstood or seen as too confusing. Some may not be aware they could qualify, while others may assume it's not worth much extra money to them.
But even if Pension Credit is only worth a small amount, the benefit can open up access to a number of other benefits and perks. This includes the £150 Warm Home Discount to help with energy bills over winter and potentially a free TV Licence if over 75.
So it is always worth checking if on lower incomes.
Official advice and eligibility
Money Saving Expert said: "If you're retired and have income less than £238 a week as an individual, or £363 a week as a couple, you may be due Pension Credit worth £4,300 a year, on average."
"Plus, it entitles you to a whole raft of other benefits."
"About 2.3 million are eligible for Pension Credit, but it's estimated that around 910,000 don't claim – in many cases because they don't realise they could be entitled to it."
The extra money could help make life easier for some of the poorest retirees, and pensioners born before 1960 are among those urged to check their eligibility.
