- The average sum unclaimed is £1,058
- The 3 key benefits that are regularly overlooked are Guarantee Pension Credit, Savings Pension Credit and Council Tax Reduction.
Pension Credit is an income-related benefit made up of 2 parts – Guarantee Credit and Savings Credit.
Guarantee Credit tops up your weekly income if it’s below £163 (for single people) or £248.80 (for couples).
Savings Credit is an extra payment for people who saved some money towards their retirement, for example a pension.
Pension credit is an income-related benefit. It’s an extra payment that guarantees most people over 62 a minimum income, yet many don’t realise they’re entitled to it.
Pension Credit is an income-related benefit made up of 2 parts – Guarantee Credit and Savings Credit.
Guarantee Credit tops up your weekly income if it’s below £163 (for single people) or £248.80 (for couples).
Savings Credit is an extra payment for people who saved some money towards their retirement, for example a pension.
Savings Credit is an extra payment for people who saved some money towards their retirement, for example a pension.