Pension Credit

(asked on 6th January 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if he will publish guidance on other sources of financial support for people who are not eligible for Pension Credit due to the level of their savings and live in rented homes.


Answered by
Laura Trott Portrait
Laura Trott
Chief Secretary to the Treasury
This question was answered on 11th January 2023

The State Pension is the foundation of support for older people, providing the basis on which people can build additional private savings for their retirement. Under this Government, the full yearly amount of the basic State Pension is now over £2,300 higher than in 2010. From April 2023, this will rise to over £3,000.

The Government understands the pressures people are facing with the cost of living and that pensioners are more likely to suffer disproportionately from adverse health effects from living in a cold home, and many low-income pensioner households do not claim the means tested benefits they are entitled to.

That is why, in 2022/23 there was a pensioner cost of living payment of £300 per household paid as a top up to the Winter Fuel Payment. On 17 November 2022 the Chancellor announced as part of his Autumn Statement a further pensioner cost of living payment of £300 per household in 2023/24.

Information on other sources of financial support to help with the cost of living available to pensioners can be found here: https://helpforhouseholds.campaign.gov.uk

For those who live in rented homes, information on Housing Benefit can be found here: https://www.gov.uk/housing-benefit

Customers who want impartial money and pensions advice should visit: https://moneyandpensionsservice.org.uk

For those who want to plan their retirement and check their State Pension: https://www.gov.uk/check-state-pension

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