THOUSANDS on pension credit are able to claim an extra £324 as part of a cost of living payment. But if you haven’t claimed yet, be quick as the deadline for applications is fast approaching …
These payments can add an extra £3,300 to an average pensioner's annual income.
Pension credit is a means-tested benefit that helps those on lower incomes by giving them extra money throughout retirement.Guarantee credit - 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. You can get an extra £14.48 a week for a single person or £16.20 a week for a married couple.
You may also get additional pension credit if you are disabled, have caring responsibilities or have to pay certain housing costs such as mortgage interest payments. 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.Applications for pension credit can be made on the government website or by ringing the pension credit claim line on 0800 99 1234.
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