There's just one day left to claim hundreds of pounds in money as the deadline is approaching.
Brits don't have long to qualify for a "lifeline" £300 cash payment. It comes as 1.2million pensioners who receive Pension Credit are entitled to the cost of living support.
Currently around 850,000 eligible pensioners are yet to claim their payment and have until Friday (December 8) to do so or risk missing out.
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Without making a claim, eligible pensioners could miss out on the next two cost of living payments worth £300 and £299.
Those entitled to pension credit who haven't applied are also potentially missing out on other perks like a free TV licence, energy bill support and Council Tax discount.
Households should have already started receiving the second instalment of the cost of living payment worth £300. An additional third instalment is expected in spring 2024.
Those eligible have until Friday December 8 to make a claim for Pension Credit over the phone and until Sunday December 10 for an online claim.
To qualify applicants must be of state pension age between August 18, 2023, and September 17, 2023. It doesn't matter if you were only eligible for a day.
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There is other support if you're on Pension Credit. These include:
- Housing Benefit if you rent the property you live in
- Support for Mortgage Interest if you own the property you live in
- A Council Tax discount
- A free TV licence if you’re aged 75 or over
- Help with NHS dental treatment, glasses and transport costs for hospital appointments
- Help with your heating costs through the Warm Home Discount Scheme
- A discount on the Royal Mail redirection service if you’re moving house
To be eligible you must be over state pension age living in England, Scotland or Wales. The state pension age is currently 66 for both men and women.
To qualify, you must have a weekly income of less than £201.05 for single people or £306.85 for couples. Your estimated income could include:
- Your state pension
- Any other pensions you have saved, for instance, workplace or private pension savings
- Most social security benefits, for example, carer's allowance
- Any savings or investments worth over £10,000
- Earnings from a job
The calculation does not include:
- Attendance allowance
- Christmas bonus
- Disability living allowance
- Personal independence payment
- Housing benefit
- Council tax reduction
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There are two parts to the Pension Credit and eligible candidates could be entitled for both or one:
- Guarantee credit – tops up your weekly income to a guaranteed minimum level. This is £201.05 a week if you're single and £306.85 a week for married couples.
- Savings credit – provides extra money if you've saved money towards retirement. You can get an extra £15.94 a week for a single person or £17.84 a week for a married couple.
Your benefits will usually be paid directly to a chosen bank account roughly every four weeks. You'll be asked to provide bank account details.
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