PensionBee has commented on the latest data from the Department for Work and Pensions, which reveals a record high number of Pension Credit applications.
Lisa Picardo, Chief Business Officer UK of PensionBee, commented:
“The latest figures from the Department for Work and Pensions show a record number of Pension Credit applications, an encouraging sign that more pensioners are accessing vital support.
“However, with around three in ten eligible pensioners still not applying according to the government, thousands continue to miss out on extra income that could make a real difference.
“Eligibility is often wider than assumed, particularly when considering how different forms of income such as savings interest or investment withdrawals are treated within the tax system.
“With Winter Fuel Payments now only available to those receiving Pension Credit, it’s more important than ever for pensioners to check if they qualify.
“Applying is straightforward and could mean thousands of pounds in additional support each year.”
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