Millions of households will receive the autumn cost of living payment from October 31 until November 19.
05.09.2023 - 13:47 / dailyrecord.co.uk
An estimated 850,000 people of State Pension age could still receive cost of living payments worth up to £599 due before Spring 2024, even though they are not currently claiming one of the qualifying means-tested benefits, or know when the eligibility periods are. The next cost of living payment is worth £300 and is due to be paid sometime this Autumn to those on income-related benefits, including Pension Credit.
A Pension Credit award of just a few pence is enough to qualify for the remaining means-tested cost of living payments worth £300 and £299 (to be paid in Spring 2024). Pensioners eligible for the Winter Fuel Payment, born before September 25, 1957, will also qualify for the £300 pensioner cost of living payment.
Even though no qualifying dates have been announced by the Department for Work and Pensions (DWP) for the £300 or £299 payments, Pension Credit is a retrospective benefit which can be claimed up to three months in arrears. This means a claim made over the summer should fall within the qualifying period.
Pension Credit gives people extra money to help with their living costs if they are over State Pension age and on a low income. It can also provide access to a range of other benefits such as help with housing costs, Council Tax, heating bills and for those aged 75 or over, a free TV licence.
DWP said during its recent ‘week of action’ in June that although take up of Pension Credit is at the highest level since 2010, there are still "too many people missing out" with an estimated 850,000 pensioners potentially eligible for the income boost, but not claiming. The quickest way to check if you or someone you know should claim, is to use the online Pension Credit calculator on GOV.UK here.
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Millions of households will receive the autumn cost of living payment from October 31 until November 19.
The Department for Work and Pensions (DWP) has confirmed that the payment window for the second part of the £900 means-tested cost of living support will open next month. Some eight million households across Great Britain, including thousands across Scotland, will receive £300 directly into their bank account from the DWP between Monday, October 31 and Sunday, November 19, 2023.
The latest statistics from the Department for Work and Pensions (DWP) show that State Pension currently provides regular financial support for 12.6 million older people across the country, including nearly one million retirees living in Scotland. This payment is available for those who have reached the UK Government’s eligible retirement age, which is currently 66 for both men and women, and have paid at least 10 years' worth of National Insurance Contributions.
Pension experts are urging older people to check the interest rate they currently have on their savings accounts after new research indicated that at least half of retirees could be missing out on hundreds of pounds each year. Pension Bee warns those missing out most are people with an interest rate of three per cent or less.
Millions of households across Great Britain are set to receive £300 this Autumn as part of the £900 cost of living payment support, with a further £299 due next Spring. No confirmed details about a payment window or the qualifying period have been announced by the UK Government yet, despite widespread online speculation.
State Pension currently provides essential financial support for 12.6 million older people across the country, including more than one million retirees living in Scotland. This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women, and have paid at least 10 years of National Insurance contributions.
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State Pension is a contributions-based benefit that provides essential financial support for 12.6million older people across Great Britain, including more than one million living in Scotland. Of that overall total, more than 1.4million people are also receiving additional support through Attendance Allowance.
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Millions of households across Great Britain are set to receive the next instalment of the £900 cost of living payment support, worth £300 this Autumn, with a further £299 due next Spring. No confirmed details about a payment window or the qualifying period have been announced by the UK Government yet, despite widespread online speculation.
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There are 22 million people across the UK claiming at least one benefit from the Department for Work and Pensions (DWP). That number includes 12.6 million older people in receipt of State Pension payments, a contributory benefit only available to those of retirement age with at least 10 years’ worth of National Insurance Contributions.
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