Pensioners are being advised to check their entitlement to State benefits in the wake of the government’s decision to limit tax-free winter fuel payments to those on Pension Credit from the autumn, in the attached press release from retirement specialist Just Group.
Just Group’s own research found that homeowners in particular are unlikely to check their entitlement to benefits regularly or at all. Nearly four in 10 (38%) homeowners aged 65+ have never checked their eligibility for State benefits compared to 15% of renters, and renters are twice as likely to have checked in the last year.
Winter fuel payments worth up to £300 a year are paid to the 10 million people in the UK above State Pension age to help with winter heating bills. Rachel Reeves, the new Chancellor, yesterday announced that in England and Wales, payments would be restricted to those on means tested benefits.
Just Group said the move should be a prompt for those receiving State Pension to check their eligibility to Pension Credit which will become a ‘gateway’ to receiving the winter fuel payments as well as other benefits such as council tax benefit, targeted support and the free TV licence for over-75s.
Stephen Lowe, group communications director at Just Group, commented: “In contrast, the government’s own figures show that up to 880,000 families entitled to receive Pension Credit fail to claim each year, on average missing out on £2,200 a year or more than £2 billion in total. Once you add the other benefits it triggers, claiming can be worth £8,000 a year.
“We would urge everyone to use this decision as a reason to check their entitlement, or to ask someone like a family member to do it on their behalf. It could mean thousands in extra income.”
He said there are a range of resources to help pensioners check and claim if they are eligible for Pension Credit:
- For information about Pension Credit and to claim go to www.gov.uk/pension-credit
- The government highlights free, third-party benefits calculators at www.gov.uk/benefits-calculators
- Organisations such as local councils, the online guidance service MoneyHelper and charities such as Citizens Advice and Age Uk can be good sources of assistance