{"id":188763,"date":"2023-11-15T11:58:33","date_gmt":"2023-11-15T11:58:33","guid":{"rendered":"https:\/\/newsneednews.com\/?p=188763"},"modified":"2023-11-15T11:58:33","modified_gmt":"2023-11-15T11:58:33","slug":"30-day-warning-for-thousands-of-pensioners-to-get-extra-201-a-week-and-one-off-300-direct-payment-the-sun","status":"publish","type":"post","link":"https:\/\/newsneednews.com\/lifestyle\/30-day-warning-for-thousands-of-pensioners-to-get-extra-201-a-week-and-one-off-300-direct-payment-the-sun\/","title":{"rendered":"30 day warning for thousands of pensioners to get extra \u00a3201 a week and one-off \u00a3300 direct payment | The Sun"},"content":{"rendered":"
THOUSANDS of pensioners have been issued with a 30 day warning to claim an extra \u00a3201 a week and a one-off \u00a3300 direct payment.<\/p>\n
An estimated 1.4million pensioners are receiving\u00a0pension credit\u00a0which makes them eligible for a\u00a0cost of living payment.\u00a0<\/p>\n
<\/p>\n
But there are\u00a0850,000 more pensioners eligible\u00a0for the benefit who aren't claiming it.<\/p>\n
This means hard-up households be missing out on an extra \u00a3201.05 a week.<\/p>\n
But not only this, they also risk missing out on the\u00a0next\u00a0two\u00a0cost of living\u00a0payments worth \u00a3300 and \u00a3299.<\/p>\n
Households started to receive the second instalment of the\u00a0cost of living\u00a0payment worth \u00a3300 directly into their bank accounts from October 31 and it will be paid up until November 19.<\/p>\n
Plus, 840,000 households on tax credits started to receive the payment from HMRC today.<\/p>\n The third instalment will go out in the\u00a0spring\u00a0of 2024.<\/p>\n Usually, these payments are made automatically to those eligible for the\u00a0tax-free payment.<\/p>\n Eligible households have just 30 days to make a claim for pension credit or risk losing out on the cost of living payments.<\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n The DWP is urging pensioner to check their eligibility. <\/p>\n Writing on X, formerly known as Twitter, it said: "Pension Credit could provide extra money for those over 66, plus other support including cost of living payments.<\/p>\n "Check online to see if someone in your family could be entitled to pension Credit." <\/p>\n Households make a claim for pension credit over the phone up until December 8, but they have until December 10 to make a claim online or they risk losing out on the cost of living payments.<\/p>\n This is provided applicants were of state pension age between 18 August 2023 and 17 September 2023.<\/p>\n It doesn't matter if you were only eligible for a day – as long as this day was within the qualifying period you'll get the cost of living payment.<\/p>\n This will ensure that any payments can be backdated and fall within the qualifying period for the \u00a3300 cost of living payment.<\/p>\n Unfortunately, it's no longer possible for these applicants to get the first \u00a3301 payment, but it's still possible to get the next two payments worth \u00a3599.<\/p>\n Anyone over the state pension age living in\u00a0England,\u00a0Scotland\u00a0or\u00a0Wales\u00a0is eligible for pension credit.<\/p>\n The state pension age is currently 66 for both men and women.<\/p>\n To qualify, you'll need to have a weekly income of less than \u00a3201.05 for single people or \u00a3306.85 for couples.<\/p>\n Your income is worked out taking into account various elements including:<\/p>\n The calculation does not include:<\/p>\n If your income is too high to get pension credit, you may still get some savings pension credit, so it's worth checking.<\/p>\n It used to be the case that couples, where one person was over state pension age, could claim, but new rules now mean that both people in a couple must be over retirement age to apply.<\/p>\n This means if you're single and move in with a partner who is younger than the state pension age, you will stop being eligible.<\/p>\n But if you're already receiving\u00a0pension credit\u00a0under the old system it won't stop unless your circumstances change.<\/p>\n There are two parts to the pension credit and pensioners can be eligible for one or both.<\/p>\n You may also get additional pension credit if you are disabled, have caring responsibilities or have to pay certain housing costs such as mortgage interest payments.<\/p>\n You can apply for pension credit four months before you reach\u00a0state pension\u00a0age.<\/p>\n Applications for pension credit can be made on the government website or by ringing the pension credit claim line on 0800 99 1234.<\/p>\n You will need:<\/p>\n Your partner will also need to provide their information if you have one.<\/p>\n Your benefits will usually be paid into a bank account around every four weeks.<\/p>\n You will be asked to provide your bank account details when you claim though concessions are sometimes made for people who don't have access to a bank account.<\/p>\n Meanwhile, savers with old pensions could save thousands of pounds in retirement by combining all their pots, new data shows.<\/p>\n Plus, how losing your job can actually get you an extra \u00a329,300 in your retirement fund.<\/p>\n You can also join our new Sun Money Facebook group to share stories and tips and engage with the consumer team and other group\u00a0members.<\/strong><\/p>\n<\/picture>HELPING HAND <\/span><\/p>\n
Lump sum payment worth \u00a3300 to land in one million bank accounts from TODAY<\/h3>\n
<\/picture>NEED FOR SPEED <\/span><\/p>\n
Update for households on benefits as millions get essential payments quicker<\/h3>\n
Most read in Money<\/h2>\n
<\/picture>MONEY STALL <\/span><\/p>\n
UK economy flatlines as recession fears grow – what it means for your money<\/h3>\n
<\/picture>CHOC SHOCK <\/span><\/p>\n
Chocolate favourite set to go missing from shelves after workers vote to strike<\/h3>\n
<\/picture>IT’S CANNED <\/span><\/p>\n
Heinz discontinues kids’ favourite tinned dinner leaving parents fuming<\/h3>\n
<\/picture>STORE DEAL <\/span><\/p>\n
Discount shop to take over more Wilko stores in weeks \u2013 and it\u2019s not B&M<\/h3>\n
Who is eligible for pension credit?<\/h2>\n
\n
\n
How much can you get in pension credit?<\/h2>\n
\n
How do I apply<\/h2>\n
\n
How will I be paid?<\/h2>\n
Read More on The Sun<\/h2>\n
<\/picture>QUEUE'S SORRY <\/span><\/p>\n
Supermarket ditches self-service checkouts as shoppers say they take LONGER<\/h3>\n
<\/picture>SAVE UP <\/span><\/p>\n
Bizarre 'hidden' iPhone setting secretly draining your battery – turn it off NOW\u00a0<\/h3>\n