Increases in Pension Credit and other benefits aim to support 1.4 million pensioners, with specific focus on helping those with low incomes facing rising living costs.
The Standard Minimum Guarantee for Pension Credit will increase by 4.1%, benefitting eligible low-income pensioners while encouraging those who haven't claimed to do so.
With an estimated 760,000 pensioner households not claiming Pension Credit, many are missing out on significant financial support, averaging 1,900 a year.
Starting April 2025, single pensioners will see their Standard Minimum Guarantee rise from 218.15 to 227.10, aiding in living expenses during tough economic times.
Collection
[
|
...
]