Families warned 10 days to claim benefit that could lead to £3,824 extra a year
Families are being warned they have just ten days to apply for a benefit which could mean they get a total of £3,824 a year. Pension credit is aimed at people who are on low incomes and those who qualify get extra £3,500 per annum.
Checking eligibility and applying by 18 December 2022 – just ten days away – will mean pensioners could also receive a £324 boost thanks to Pension Credit backdating rules. Minister for Pensions Laura Trott said: “The run up to Christmas is always a busy time, but one thing to make sure that’s on your list over the coming days is to find out whether you or your loved ones could be eligible for Pension Credit.
If you have £10,000 or less in savings and investments this will not affect your Pension Credit. If you have more than £10,000, every £500 over £10,000 counts as £1 income a week. For example, if you have £11,000 in savings, this counts as £2 income a week.
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