The Department for Work and Pensions (DWP) has unveiled new data indicating that the State Pension is now a vital financial lifeline for 13 million individuals across Great Britain. The regular payout currently stands at up to £230.25 per week for those on the New State Pension (claimed after April 6, 2016), or £176.45 weekly for the Basic State Pension (Category A or B).
The sum one receives from this contributory benefit hinges on the number of National Insurance years they have amassed before reaching the current retirement age of 66 - a minimum of 10 years is necessary to qualify for any State Pension payment. For older people approaching the official retirement age this year, it's crucial to comprehend which benefits will persist, which new ones you may now be eligible for, and those you can no longer apply for, reports .
Your State Pension age coincides with your Pension Credit qualifying age unless you are a man born before December 6, 1953. You can confirm your State Pension age and whether you can start claiming Pension Credit on the 'Check your State Pension age' page of the GOV.UK website
Benefits influenced by your pension ageTurn2us has put together an extensive guide to the benefits you cannot claim from the DWP upon reaching State Pension age or Pension Credit age. For comprehensive details on each of the topics listed below, visit the Turn2us website .
Pension Credit ageWhen you reach State Pension age you can no longer claim:
- Income-based Jobseeker's Allowance
- Income-related Employment and Support Allowance (ESA)
- Income Support
- Universal Credit
Turn2us, a social welfare charity organisation, cautions that "If you live with a partner and one of you is pension age and the other is not yet pension age, benefit entitlement can be complicated."
To best understand what benefits might be available, it's suggested to utilise the Turn2us benefits calculator or consult with a professional benefits adviser.
Turn2us, a social welfare charity organisation, cautions that "If you live with a partner and one of you is pension age and the other is not yet pension age, benefit entitlement can be complicated."
To best understand what benefits might be available, it's suggested to utilise the Turn2us benefits calculator or consult with a professional benefits adviser.
State Pension ageAt State Pension age, eligibility ceases for specific benefits such as:.
- Jobseeker's Allowance (JSA)
- Contributory/New Style Employment and Support Allowance (ESA)
Post-State Pension age, initiating a new claim for Disability Living Allowance (DLA) or Personal Independence Payment (PIP) is off the table. However, those who already receive DLA or PIP can continue their claims provided they do so within 12 months following the conclusion of their last claim and if they initiate their renewal upon attaining State Pension age-albeit limited strictly to the pre-existing health conditions that were earlier approved.
Similarly, Bereavement Support Payment and Widowed Parent's Allowance are no longer options once you achieve State Pension age.
There remain, nonetheless, several benefits whose eligibility isn't impacted by reaching State Pension age.
Benefits not affected by your State Pension ageYou can claim these benefits even if you are over State Pension age:
- Child Benefit (delivered by HMRC)
- Carer's Allowance - you may not be eligible for the full financial element depending on your income from State Pension
- Guardian's Allowance
- Statutory Sick Pay (SSP)
You can also claim these benefits even if you are over State Pension age, but only if you meet the benefit-specific income threshold:
- Pension Age Winter Heating Payment - Scotland only, same qualifying rules as Winter Fuel Payment
- Winter Heating Payment - Scotland-only
- Housing Benefit
- Cold Weather Payment - England and Wales only
- Warm Home Discount Scheme
- Council Tax Support
- Support for Mortgage Interest
- Help with Health Costs
- Winter Fuel Payment - only those over State Pension age in receipt of Pension Credit or other qualifying income-related benefits will receive the money from this year
- Pension Credit
For more details about benefits when you reach State Pension age,
You may also like
Morning news wrap: Pakistan violates ceasefire again, Supreme court to hear Waqf plea; and more
Bank Of Baroda Recruitment: There is a lot of job openings in Bank Of Baroda, great opportunity for 10th pass, salary of Rs. 37000..
'My brother took up cause': Priyanka Gandhi says government 'pressured' for caste census
Households urged to leave out one stale 88p breakfast item for birds
Saliba's stance on forcing Real Madrid transfer as Arsenal star's camp 'open talks'