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Just days left to claim Pension Credit: A gateway to extra £300 cash boost

Just days left to claim Pension Credit: A gateway to extra £300 cash boost
Emma Lunn
Written By:
Emma Lunn

Hundreds of thousands of pensioners could pocket an extra £299 if they claim Pension Credit in the next few days.

Those who successfully apply for Pension Credit by 5 March could also secure a further £299 boost in the form of a Cost of Living Payment thanks to backdating rules.

Claiming the credit can also open doors to additional help with housing costs, council tax, and heating bills.

Pension Credit, which averages over £3,900 per year, is there to lend a hand with day-to-day expenses for those who have reached state pension age and are on a low income.

Paul Maynard, minister for pensions, said: “We are committed to ensuring every pensioner receives the financial support available to them. Anyone who is unsure whether they or a loved one is entitled to Pension Credit should quickly check using our online calculator – it’s never been easier.

“Not only could this secure an extra £3,900 every year and unlock a whole host of other support, but if successfully claimed by 5 March, a further £299 Cost of Living boost is up for grabs.”

While about 1.4 million pensioners are already receiving it, there are an estimated 880,000 households eligible for the support who are yet to claim it.

For single pensioners, the credit guarantees a minimum weekly income of £201.05; for couples, it’s £306.85. Additional help is also available for those with disabilities or caring responsibilities.

Even claiming a small amount can mean being eligible for further financial assistance, covering things like housing costs, council tax, and heating bills, as well as potentially the £299 backdated Cost of Living Payment.

You can apply for Pension Credit over the phone, online, or by post.