Some might declare free TV licence as price increase | U.Ok.Finance Information
The TV licence payment is set to rise from £169.50 to £174.50 beginning April 1, however 1000’s of people are exempt from this increase. These over 75 who obtain Pension Credit score from the Division for Work and Pensions qualify for a free TV licence.
Pension Credit score boosts your weekly income to £218.15 for those who’re single, or £332.95 for those who’re half of a couple. Regardless of this, it is estimated that round 880,000 eligible households aren’t claiming this benefit.
Eligibility for the principle half of Pension Credit score, often called assured credit, requires you to have reached state pension age and have an income beneath these quantities. You should still qualify below sure circumstances, corresponding to having a extreme incapacity, being a carer, or having housing prices.
For those who reached state pension age earlier than April 6, 2016, or have financial savings or a second pension, you may be eligible for the financial savings credit half of Pension Credit score. Further funds could also be obtainable in sure circumstances, in accordance with the Mirror.
Pension Credit score might be backdated up to a few months for those who had been eligible during that period. For those who’re discovering the applying course of troublesome, it is value asking a relative for help.
How do I apply for Pension Credit score?
Pension Credit score functions might be made through the GOV.UK web site, by phoning 0800 99 1234, or by filling out a paper utility type. You possibly can apply up to 4 months earlier than you attain state pension age.
You will need your bank, building society or credit union account particulars, details about your income, financial savings and investments on the date you need your utility backdated to (normally three months in the past or the date you reached state pension age), any further income, financial savings and investments particulars, and your Nationwide Insurance quantity. From April 2025, the assured credit half of Pension Credit score is set to rise by 4.1%, taking the principle half of Pension Credit score to £227.10 per week for single claimants and £346.60 per week for {couples} from April 6.
Plus, Pension Credit score now additionally grants entry to the Winter Gas Cost, which might be value up to £300 yearly.
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