Martin Lewis issues £3,000 warning to 900,000 state pensioners
Martin Lewis has issued a stark warning to state pensioners as figures revealed that close to one million older Brits are missing out on payments they're entitled to. While the weekly rate you get in state pension payments comes down to how many National Insurance years you have when you've reached state pension age, there is another payment for state pensioners who are earning low amounts.
TL;DR
- Close to one million state pensioners in the UK are missing out on Pension Credit payments.
- Pension Credit tops up low incomes for pensioners, providing at least £238 weekly for singles and £363.25 for couples.
- Martin Lewis warns that eligible individuals could be missing out on over £3,000 per year.
- The Department for Work and Pensions (DWP) is actively encouraging checks for eligibility.
- Getting Pension Credit can also unlock other benefits, such as free TV licenses, Housing Benefit, and Council Tax reductions.
- Many who are missing out may have newly reached state pension age and be unaware of this benefit.