economy
DWP to tell 100,000 state pensioners to hand over bank statements in benefit clampdown
Tim Curry, star of Home Alone and The Rocky Horror Picture Show, dies aged 80
TL;DR
- The DWP is reviewing Pension Credit claims to cut the benefits bill, expecting to save £370 million by April 2031.
- An estimated 95,000 to 100,000 claimants could see their payments reduced.
- Selected pensioners may be asked to provide bank statements and other documentation.
- Overpayment rates for Pension Credit rose to 33% in 2025/26, mainly due to undeclared financial assets and overseas stays.
- Despite the review, a significant number of eligible pensioners are not claiming Pension Credit, missing out on potential support.