State pensioners could claim 15 DWP benefits worth thousands | Personal finance | Finance
Reaching retirement age can come with a few benefits that are worth a few thousand pounds in financial support from the Department for Work and Pensions (DWP). The Pension Credit alone is worth £3,300 a year and acts as a gateway benefit to over a thousand pounds in savings.
As the cost of living crisis continues to cripple Britain’s finances, it is important that people check they are getting all the help they are entitled to.
Nearly one million (850,000) retirees are living on less money than they should because they are not claiming all the DWP benefits to which they are entitled.
Retirees are generally eligible for pension credit if they earn less than £182.60 a week, after accounting for expenses.
That could mean an extra £3,300 a year plus thousands of pounds in other help.
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To determine if someone is eligible, the DWP will request the current balance of all bank and savings accounts as well as details of all investments, such as stocks, premium bonds or unit trust certificates.
They will also ask you for details of housing costs, such as mortgage interest, service charges, or ground rent.
Even if it only adds a small supplement to someone’s income, it’s worth it, as it could also lead to help with housing costs and energy bills.
It could also mean an extra payment of £650 for living costs this year.
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Applicants for the pension credit can also claim 15 free benefits:
- Reduced council tax bills
- Capped water bills
- £140 Warm Home rebate scheme on fuel bills
- £25 in cold weather payments
- Disabled Facilities Grant (up to £30,000) to make modifications to a home
- Homeowners can claim up to £10,000 to pay for a boiler
- Up to £300 in winter fuel payments
- Free wigs or cloth support provided by the NHS
- Assistance with housing costs
- Bereavement support benefits
- Reduced court costs
- Cost of Living Support Payments
- A free TV license if over 75
- Homeowners can get help paying for double glazing under the Green Homes Scheme
- Assistance with funeral expenses.