Skip to main content

Urgent Deadline For Pensioners to Claim Cost of Living Payment

Reading Time: 2 mins
Deadline. Pensioners on low incomes are being reminded that the deadline to claim for a key benefit by this Thursday, August 18th, in order to receive the full cost of living payment.
MoneyMagpie want to urge you to please check in on your elderly relatives and people who may need help with this as if they miss out it will be catastrophic for some this winter.
Commenting on the deadline, set by the Department for Work and Pensions (DWP), to apply for Pension Credit and still qualify for the first cost of living payment of £326, Sarah Pennells, consumer finance specialist at Royal London says:
“Pension Credit is a highly valuable benefit, especially during the cost of living crisis, yet approximately one in three people who are entitled to receive it, don’t currently claim it, missing out on an estimated £1.7 billion of benefits.
“Not only does it top up the income of people who aren’t entitled to the full State Pension, but – crucially – because it’s a ‘gateway’ benefit, it unlocks additional benefits. These include help with rent and Council Tax, the Warm Home Discount and the cost of living payment. In all, Pension Credit can be worth over £3,300 a year, which could make a huge difference to someone’s finances.
“With energy bills due to rise sharply for millions of pensioners on 1st October, it’s more important than ever that people who have reached State Pension age, and think they may qualify, apply for Pension Credit.
“If you apply by 18th August and you are successful, your application can be backdated, so you’ll receive the first cost of living payment worth £326, which the government has already started paying to existing claimants.”
Eligibility for pension credit can be checked on the Government’s Pension Credit calculator

Top tips on maximising your benefits

  1. Pension Credit tops up your weekly income to £182.60 if you’re a single pensioner and £278.70 if you have a partner. The full State Pension for people who reached State Pension age after 5th April 2016 is £185.15 a week, so Pension Credit is aimed at people who aren’t entitled to the full State Pension amount.
  2. If you have a severe disability, you could get another £69.40 a week and if you care for another adult, you could get an additional £38.85 a week. However, you will only be awarded Pension Credit as a carer if you’re eligible for one of a list of benefits, including Attendance Allowance and Carer’s Allowance.
  3. Pension Credit entitles you to help with energy bills, rent and other costs, as well as a free TV licence if you’re 75 or over.
  4. You can only receive Pension Credit once you reach State Pension age, currently 66, but you can apply for it up to four months before.
  5. You can apply for Pension Credit online at the Gov.uk website (Pension Credit: How to claim – GOV.UK (www.gov.uk)), by phone on 0800 99 1234 and by post. If you need help applying, contact Citizens Advice or Age UK.
WE also want you to double check our list of all the things you or a loved one could be eligible for with this payment here.

The post Urgent Deadline For Pensioners to Claim Cost of Living Payment appeared first on MoneyMagpie.

Source
https://www.badadeal.com/home_news_feed/urgent-deadline-for-pensioners-to-claim-cost-of-living-payment/?feed_id=2445

Comments

Popular posts from this blog

40 Hours To Twitter Mastery Video Course

Cash In With The 10th Largest Website On The Internet, Twitter... Tune In To The Global Conversation And Get Real-Time Access To Your Market You have heard of Twitter, many times no doubt! It is on the news, on television shows, celebrities and athletes are speaking to their fans on Twitter and new people are flooding on to the network every day. You will also find a number of businesses on Twitter. Using it to find hungry buyers and connect with their market in real time. The PERFECT sales vehicle in today's fast paced and impatient society. Regardless of what industry you may be in, the sooner you embrace Twitter, the sooner you will open your doors to new business and new money making opportunities. If you are still not convinced, consider some of these statistics: Twitter has over 150 Million registered users Twitter receives over 180 Million unique visitors a month Over 300,000 new users join Twitter every day Over 600 Million sear...

What to do if you can’t afford your pet any more

Reading Time: 4 mins What happens when you can’t afford your pet? Shelters have reportedly been receiving more and more unwanted animals as the cost of living crisis affects millions across the UK.   As fuel and bill prices rise along with grocery costs, many people just can’t justify spending money on an animal as well.   Jo Evans, who manages a shelter for the RSPCA near Exeter, told the BBC that people are struggling to pay for vet bills: “We are beginning to see people say they just can’t afford to own an animal so they have to rehome it,” said Evans, before noting that people should take the time to understand the cost involved before they take on a new pet.   According to Pet Keen , an estimated 2.7 million animals a year in the UK are being taken in by shelters: mostly dogs and cats but also fish and small mammals, which is financially stretching the shelters. And with the cost of living crisis, the problems are piling up.   PANDEMIC PETS In ...

The 5 Best Affiliate Marketing Niches to Watch Out For

Affiliate marketing is an excellent way to make extra money online. Yet with thousands of affiliate programs available, it can be challenging to know how to position your own business. Thankfully, there are some tried-and-tested niches that remain reliably popular. By choosing a highly-marketable topic, you can more easily create profitable affiliate content. In this article, we’ll introduce you to affiliate niches and give you some tips on choosing one. Then we’ll share the five best affiliate marketing niches. Let’s get to it! An Overview of Affiliate Marketing Niches When you choose an affiliate marketing niche, you’ll focus your promotional efforts on one particular category. This way, you can create highly-targeted content. For example, you may run a specialist blog, sharing your expertise. By using targeted marketing, you can aim your promotions towards people who already have an interest in your unique niche. This allows you to match expectations. Plus,...