If you think you or your partner might be eligible for Pension Credit before 14 May 2019 now’s the time to make your application.
From 15 May 2019 new rules mean that pensioners who live together as a couple will only be able to make a new claim for Pension Credit when both partners reach state pension age. This will significantly change things for many who currently claim once the older partner reaches retirement age.
The new plans mean that a couple will have to apply for Universal Credit to support their income until both partners are over the age of 65, the age at which a Pension Credit application can be made.
Amanda Ryan, bpha Financial Inclusion Manager, said: “Upcoming changes to Pension Credit could have a massive effect on some of our residents. Age UK have announced that many mixed-age couples could be about £7,000 worse off a year if they claim under the new rules. We’re encouraging customers who think that they could apply for Pension Credit now to get in touch so we can do a quick check to get the ball rolling, or help work through other options.”
If you would like us to check your entitlement then please call the Money Advice Team on 0330 100 272 where we can complete a quick assessment for you.