Runner Up - Local Business of the Year Award 2024 (Third Sector)

NEWS

Are you missing out on Pension Credit?

Hundreds of pensioners in Newtown may be missing out on vital financial assistance as it is estimated that around 80,000 pensioners across Wales are entitled to Pension Credit but are not claiming it.

3 months ago 946 views

The image for Are you missing out on Pension Credit?
 

Hundreds of pensioners in Newtown may be missing out on vital financial assistance as it is estimated that around 80,000 pensioners across Wales are entitled to Pension Credit but are not claiming it.

  Sign up today

Click here to get your free All About Newtown account today and get localised stories and much more.

9 stories left to view without an account.

Pension Credit is a form of support provided by the government that ensures older individuals do not have to live on less than £201.05 a week for single people or £306.85 for couples. In addition to this, recipients of Pension Credit may also be eligible for help with housing costs, council tax, and a free TV licence for those over the age of 75.

For those who have reached State Pension Age before 6 April 2016 and have made provisions towards their retirement such as savings or a private pension, there is an opportunity for even more financial assistance.

This is known as the Savings Credit and could amount to as much as £15.94 for a single person or £17.84 for a couple.

Recognizing the potential benefits of the program, Powys County Council is now encouraging pensioners in Newtown to find out if they are entitled to Pension Credit.

Cllr James Gibson-Watt, Powys County Council's Leader said:

"I can't stress enough the difference a friend or relative can make by doing a bit of research with an older person to find out what financial help is available,"

"Lots of people could be missing out on Pension Credit because they wrongly think it isn't meant for them. You might still get extra money even if you own your own home or have some savings."

To assist in determining eligibility, the government offers an online calculator on GOV.UK where individuals can input their information to find out what they might be entitled to. Claims for Pension Credit can be made online at www.gov.uk/pension-credit or by calling the Freephone Pension Credit claim line on 0800 99 1234.

Share   


Related or similar stories based on this one

Image for the article Local pensioners to benefit from pilot programme
Local pensioners to benefit from pilot programme

9 months ago

Image for the article Free school meals to be served up during Easter holidays
Free school meals to be served up during Easter holidays

1 year ago

Image for the article Fire Service budget to rise by 8.4%
Fire Service budget to rise by 8.4%

4 months ago

Image for the article More retained firefighters recruited
More retained firefighters recruited

4 weeks ago

Image for the article Police appeal for missing man
Police appeal for missing man

3 months ago

Image for the article Financial support available for learners and their families
Financial support available for learners and their families

1 year ago

Business of the Week
Ted's

Bear Lanes

Follow us

Connect with us on Facebook, X (formerly Twitter) and Instagram

   

Trending
Bypass collision claims one life

2 days ago

Delays likely next week in key town route

2 days ago

Local politicians seek government intervention

2 days ago

Donate to us

We're a not-for-profit community interest company and have no corporate owners. We'd appreciate anything you can give to keep us providing free content.

  Donate via PayPal
Upcoming Events
Baby Yoga

29/04/24 10:15am

Nigel Rowlands @ Cafe Glitz

03/05/24 06:30pm

Sonic Boom Live

03/05/24 10:00pm

Latest Stories
Next town partnership meeting scheduled

7 hours ago

Local award winners braving a wing walk!

1 day ago

Inspired by the London Marathon? Join Newtown parkrun!

1 day ago