Some 12.4 million people in the UK receive a state pension every four weeks. It provides essential support to seniors across the country.
The new full state pension is £185.15 a week, according to the government’s website. This produces an annual income of £9,627.80. However, the actual amount depends on your national insurance record.
Pension Credit gives you extra money to help cover your living expenses if you are over retirement age and have a low income. You can get extra help if you are a carer, severely disabled or responsible for a child or young person.
Read more: Winter fuel payment rates confirmed by DWP for this year who will receive an additional £300
People approaching official retirement age should be aware that state pension and pension credit may affect the benefits you are entitled to later in life. When you reach state retirement age or pension credit age, you may start claiming some benefits while others stop, reports the Daily Record.
You can check your state pension age and whether you can start claiming a pension credit on the government website’s “Check your state pension age” page here.
Benefits affected by your retirement age
Turn2Us has created an essential guide to what benefits you cannot claim from the Department of Work and Pensions (DWP) when you reach state retirement age or pension credit age.
Pension credit age
When you or your partner reach Pension Credit age, you can no longer claim:
- Income-Based Jobseeker’s Allowance
- Employment and Income Support Benefit (ESA)
- Income support
- Universal Credit
When you, or your partner, reach the legal retirement age, you can no longer request:
- Contributory jobseeker’s allowance (JSA)
- Contributory Employment and Assistance Allowance (ESA)
You cannot re-apply for Disability Living Allowance (DLA), Personal Independence Payment (PIP) or Adult Disability Payment (ADP) – the new disability benefit replacing the PIP for people in Scotland this year – once you have reached state pension age, however, if you were already receiving DLA, PIP or ADP you can reapply even if you are over statutory age of retirement.
This can only be done as long as you are making a claim for the same medical conditions for which you received the benefit and your last claim ended less than 12 months before you reached retirement age. ‘State.
The DWP said DLA applicants born before April 8, 1948 will not transfer to the PIP, but those born after that date will.
The Bereavement Support Payment and Widowed Parent’s Allowance are also not available once you reach state retirement age.
Benefits not affected by your statutory retirement age
You can claim these benefits even if you are over the legal retirement age:
- Child Benefit (provided by HMRC)
- Carer’s Allowance – you may not be eligible for the full financial element depending on your state pension income
- Guardian’s allowance
- Statutory sick pay (SSP)
You can also apply for these benefits even if you are over the legal retirement age, but only if you reach the income threshold specific to the benefits:
- Pension credit
- Housing allowance
- Council tax support
- Coverage of mortgage interest
- Working Tax Credit (HMRC) – you cannot reapply for this, but if you already get it you can continue to get it
- Child Tax Credit (HMRC) – you cannot re-apply for this, but if you already get it you can continue to get it
- Assistance with health costs
- Payment in cold weather
- Discount program for warm homes
- Payment for winter fuel
For more details on benefits when you reach state retirement age, visit the Turn2Us website here.
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