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State pensioners will have varying circumstances in retirement, but many are struggling financially. In this circumstance, people could find they are eligible for a financial top up.
The payment is called Pension Credit, and is designed to help low income pensioners with living costs.
It is entirely separate from the state pension, but could offer vital support.
People can get Pension Credit even if they have other income, savings or their own home.
Aside from the financial support Pension Credit can offer, it is also viewed as a “gateway benefit”.
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Individuals who are unsure about what they receive in Pension Credit have been urged to check.
Age UK explains people can look at their Pension Credit award letter if they are unsure.
Those who need a copy can call the Pension Service for further information.
This document can also be important as it can help people to prove their eligibility when they go to appointments.
If a person wishes to find out how much they could receive through Pension Credit, there is a useful tool by which to do so.
The Pension Credit calculator is available through the Government’s official website and takes a short time to use.
Britons will need details of their earnings, benefits and pensions as well as savings and investments.
However, certain individuals should be aware they may not be able to use the calculator.
The Government states the following groups will not be permitted to use the tool:
- Those deferring their state pension
- Those who own more than one property
- Those who are self-employed
- Those who have housing costs which are neither mortgage repayments nor rent covered by Housing Benefit
In these circumstances, Britons can either call the Pension Service helpline or the Pension Credit claim line.
