economy
State Pensioners on 'Higher Income' Urged to Get £3,900 a Year
State pensioners who are on a ‘higher income’ can get an extra £3,900 a year on average thanks to a little known loophole.
TL;DR
- State pensioners with higher incomes may be eligible for an average of £3,900 extra annually through Pension Credit.
- Certain benefits, including disability and carer's payments, are not counted as income for Pension Credit eligibility.
- Examples of non-counted benefits include Attendance Allowance, Personal Independence Payment, Housing Benefit, and Council Tax Reduction.
- Individuals may qualify for Pension Credit even if their income exceeds the usual weekly thresholds (£238 for single people, £363.25 for couples) due to these exclusions.
- Additional amounts are available for carers (£45.60/week), severe disability (£81.50/week), and those responsible for children (£66.29/week).