Crucial date thousands have until to claim £299 cost of living payment – plus extra perks like a TV Licence

THOUSANDS of households have fair weeks left to claim the £299 cost of living payment – and there may be other perks they may procure too.

Over 1.4million pensioners obtain pension credit score which makes them eligible for the final £299 cost of living payment.

It can also originate up other perks such as a free TV licence at the same time as you happen to may be 75 or older.

But there are 850,000 more pensioners eligible for the relieve who aren’t claiming it.

This means that they chance missing out on the £299 payment which is situation to be made between February 6 and February 22.

To procure the primary payment, you’re going to need to have been in receipt of at least one of seven advantages, including pension credit score, between November 13 and December 12.

It doesn’t matter at the same time as you happen to were handiest eligible for a day – as lengthy as this day was within the course of the qualifying length you’re going to procure the cost of living payment.

The same rule applies to new pension credit score claims which can be backdated by up to three months.

This means that thousands more other folks may develop into eligible for the cash by applying for the relieve now.

So households eligible but no longer claiming pension credit score may silent assign in a claim by March 5.

This may make clear that that any payments can be backdated and fall within the course of the qualifying length for the £299 cost of living payment.

Even as you set aside in your claim any later than this – the DWP may be unable to course of your claim in time.

And at the same time as you happen to omit the deadline your claim obtained’t be backdated all the way back to the qualifying length, so you’re going to fail to ticket the cash.

The £299 cost of living payment can be issued to these that already qualify between February 6 and February 22.

News Who’s eligible for pension credit score?

Pension credit score is available for folks who are over the state pension age, and who dwell in England, Scotland or Wales.

Right here’s at the moment rising to 66 for each men and females.

It former to be the case that couples, where one person was over state pension age, may claim, but new guidelines now mean that each other folks in a couple ought to be over retirement age to apply.

This means at the same time as you happen to may be single and transfer in with a partner who’s youthful than the state pension age, you’re going to stop being eligible.

But at the same time as you happen to may be already receiving pension credit score below the conventional gadget it obtained’t stop until your circumstances change.

To qualify, you’re going to need to have a weekly revenue of much less than £201.05 for single other folks or £306.85 for couples.

Your revenue is labored out taking into account various substances including:

• Your state pension
• Any other pensions you have saved, for instance, workplace or private pension savings
• Most social security advantages, for example, carer’s allowance
• Any savings or investments value over £10,000
• Earnings from a job

The calculation doesn’t encompass:

• Attendance allowance
• Christmas bonus
• Disability living allowance
• Personal independence payment
• Housing relieve
• Council tax bargain

If your revenue is too high to procure pension credit score, you may silent procure some savings pension credit score, so it is value checking.

News How noteworthy can I procure in pension credit score?

There are two parts to the relieve and pensioners can be eligible for one or each parts – right here are the sizzling rates for the tax year:

• Guarantee credit score – tops up your weekly revenue to a guaranteed minimum stage. Right here’s £201.05 a week at the same time as you happen to may be single and £306.85 a week for married couples.
• Savings credit score – affords extra cash at the same time as you happen to have saved cash towards retirement. You can procure an extra £15.94 a week for a single person or £17.84 a week for a married couple.

You may also procure additional pension credit score at the same time as you happen to are disabled, have caring tasks or have to pay certain housing costs such as mortgage hobby payments.

For instance, you can procure either £61.88 a week or £72.31 per week for each child or young person you may be to blame for.

Even as you are disabled or care for any individual who’s disabled, you may procure more.

For example, at the same time as you happen to have a severe disability you may procure an extra £76.40 a week or at the same time as you happen to care for another adult you may procure an extra £42.75 a week.

News How carry out I apply?

You can start your application up to four months before you reach state pension age.

Applications for pension credit score can be made on the govt.web page or by ringing the pension credit score claim line on 0800 99 1234.

You can procure a buddy or family member to ring for you, but you’re going to need to be with them after they carry out.

You’ll need the next information about you and your partner at the same time as you happen to have one:

• National Insurance number
• Information about any revenue, savings and investments you have
• Information about your revenue, savings and investments on the date you want to backdate your application to (usually 3 months ago or the date you reached state pension age)

Even as you claim after you reach pension age, you can backdate your claim for up to three months.

News How will I be paid?

Your advantages are usually paid into an account, for instance, a bank account.

They’re usually paid every four weeks.

You’ll be asked on your bank, building society or credit score union account details at the same time as you claim.

But at the same time as you happen to have problems opening or managing an account, you may be able to claim a numerous way.

News What else can you procure on Pension Credit score?

Pension Credit score is identified as a “gateway” relieve as it opens up a host of other discounts and freebies.

Even as you claim it, you may be able to procure assist with Housing Profit, at the same time as you happen to are in rented accommodation, and a council tax bargain.

It also makes you eligible for cost of living payments and the Warm Home Low cost way.

Even as you may be 75 or over, it can originate up a free TV licence too. You can claim your free one by calling 0300 790 6117.

You can also apply online via the TV Licensing web page.

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