Martin Lewis warns thousands could be missing out on £3,000 a year - 'CRITICAL boost'
The Money Saving Expert outlined in his newsletter that pensioners are missing out on a 'critical boost' to their income
Martin Lewis has outlined how thousands of pensioners could be missing out on £3,300 a year.
The Money Saving Expert outlined in his newsletter that pensioners are missing out on a “critical boost” to their income.
Over 800,000 eligible pensioners aren’t claiming pension credit, which could boost their pensions by around £3,300 a year.
Amid the crippling cost of crisis, the additional fund could be a lifeline for many.
Qualifying individuals will be accepted based on savings, disabilities and other circumstances.
Pension credit is a benefit for those who are struggling to get by with what they have.
It is offered in two different forms depending on your circumstances - Guarantee Credit and Savings Credit.
Guarantee Credit boosts your weekly pension to £182.60 if you’re single, if you’re married, you can expect a £278.70 paid out weekly in support.
The average top up is £65 a week, therefore a total of £3,300 a year.
To check if you’re eligible, you can call 0800 99 1234 to take you through to a helpline that is open from 8am to 6pm.
You can also find out if you’re eligible by going online.
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