Pension Credit

(asked on 18th October 2022) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, with reference to National Audit Office's Department for Work & Pensions Departmental Overview 2021-22, for what reason her Department spent less on Pension Credit in the 2021-22 financial year than the previous financial year.


Answered by
Alex Burghart Portrait
Alex Burghart
Shadow Chancellor of the Duchy of Lancaster
This question was answered on 25th October 2022

The Pension Credit caseload continues to decrease year-on-year. This trend is reflected in the decrease in expenditure between 2020/21 and 2021/22 (from around £5bn to £4.8bn).

The falling caseload is due to a number of factors, including, since 2010, the increase in the Pension Credit qualifying age, which is linked to women’s State Pension age; the introduction of the new State Pension on 6 April 2016, and the abolition of the savings credit component for those reaching State Pension on or after that date.

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