07 August 2007
A press release from Unbiased.co.uk (the industry body
responsible for promoting independent financial advice in the UK),
has warned that more that more than one in five pensioners are not
claiming pension credits. This means that up to £2bn worth of
pension credits will go unclaimed this year.
Pension credit is a tax-free weekly payment, which could mean
extra money each week for people aged 60 or over living in Great
Britain. Pension Credit currently guarantees a minimum income of at
least £119.05 per week for a single person or £181.70
per week for a couple.
Further information on Pension Credit can be found on our
website by going to 'State Pensions'.
