The Government of the United Kingdom provides Pension Credit to the senior citizens of the country with low-income. Recipients receive the credit amount through direct deposit, every four weeks. If the payment date takes place on a bank holiday or weekend, then the amount is deposited in the beneficiaries account a day before the holiday.
Pension credit is providing support to around 1.4 million pensioners. The credit helps you deal with the rising costs of house rent and other essential products and services. People who are above State Pension Age or belong from low-income families can claim the benefit.
Please note, Pension credit is different from State Pension. If you are a carer, disabled or have a young child, then also you can qualify the eligibility criteria
People must have the National Insurance Number, if they are applying for the credit.
Focal Points of the Pension Credit 2024
| Article | Pension Credit News September 2024 |
| Beneficiaries | State Pension aged people with low-income |
| Department | Department for Work and Pensions |
| Beneficiaries | Residents of Scotland, Wales or England |
| Frequency of the payment | Every 4 weeks |
| Payment Amount | Single: £218.15 per week Partner: £332.95 per week |
| Post Category | Finance |
| Official Website | GOV.UK. |
Eligibility Criteria
To apply for the Pension Credit, claimants must meet the eligibility criteria:
- Claimants must be living in either Scotland, Wales or England.
- If a partner is applying for the credit, then both of them will be eligible if:
- Couple has reached the State Pension Age.
- One partner is receiving housing benefits and above the State Pension Age.
- A Partner can be claimants wife, spouse or civil partner.
- Couples who are in a civil partnership or living together without getting married.
Payment Amount
Payment amounts are as follows:
- Single- £218.15 weekly.
- Couple- £332.95 weekly.
If a couple is applying for the credit, then their payment amount is calculated together. Beneficiaries who have higher income, have some disability, have savings or housing costs are also eligible for the payment.
How to claim the Credit?
It is not an automatic process and people residing in the UK have to apply for the Pension Credit once they reach the State Pension Age.
Application Process
- Open the official website of the Department for Work and Pensions GOV.UK. .
- Select the benefit option, and choose the Pension Credit.
- Collect the application form, and fill in accurate details.
- Attach the mandatory documents, if any.
- At last, submit the form.
If you want to apply via phone, you can call on- 0800 99 1234.
All We Know
The motive of Pension Credit is to provide financial relief to the State Pension Aged people with low income. Approximately, 880,000 people are still waiting for their claim. People who have higher income can also apply for the claim. Their income can include, State Pension, social security benefits, income from employment or self-employment.
| Home Page | https://www.easthamptonchamber.com/ |
The frequency of the payment is once in 28 days. The credit is directly deposited in the bank account of eligible beneficiaries. Claimants should keep their bank details and personal information updated with the DWP. An individual applying for the credit will receive £218.15 per week. A couple applying for the credit will receive £332.95 per week.
FAQs about Pension credit scheme
People who are at State Pension age and living in Scotland, Wales, or England are eligible for the credit.
The payment is made every 4 weeks.
The payment amount for single people is £218.15 per week. £332.95 is the payment amount received by partners who have filed for the credit jointly.
Riya Claire is the Editor-in-Chief of the East Hampton Chamber Portal. She holds a degree in Mass Communication, an MBA in Finance, and a diploma in HR, making her a versatile professional for an online portal