Benefits Tips

Pension Credits Explained

Pension Credits explained in a way that anyone can understand. The Pensions Credit is an entitlement for people aged 60 that guarantees everyone a minimum weekly income.Until October 2008, as well as getting the extra money each week, if you apply for the Pensions Credit and are eligible you may also receive a backdated payment of up to 12 months money.

After October 2008 this drops to 3 months backdating so claim now so you don’t miss out on this money.

Unfortunately many people do not apply for the benefit as they find it confusing or intrusive, in fact there are thought to be about 1.5 million people that are entitled to the money but are not claiming, so if you, or your friends and family, are over 60 please check to see if you could getting this extra money.

How Much Could You Claim?

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Welfare Benefits

Is your family income under £66,350? If so, you may be entitled to welfare benefits and tax-credits. Many are simply unaware of their eligibility, including a million plus low income pensioners who sadly fail to collect their pension credit. Yet it’s easy to do a five minute benefit check up, using a special web-calculator for the under and over 60s.

 Check what you’re eligible for

A rather useful little site Entitledto.co.uk does the work for you. It has a regularly updated calculator that works everything out in one go, whether you’re 22 or 72. It’s very simple to use, just input basic details about your personal situation, such as income, council tax bill, and your savings and it reveals what, if any, benefits you’re entitled to.

 

 

This is a preview of Welfare Benefits. Read the full post here...