a Council Tax discount. a free TV licence if you're aged 75 or over. help with NHS dental treatment, glasses and transport costs for hospital appointments. help with your heating costs through the Warm Home Discount Scheme.
In the UK, everyone over the age of 60 gets free prescriptions and NHS eye tests. You can also get free NHS dental treatment if you're over 60 and claiming pension guarantee credits or other benefits if you're under state pension age.
There are two parts to Pension Credit, called Guarantee Credit and Savings Credit. You might get one or both parts. Guarantee Credit tops up your weekly income to a minimum amount. Savings Credit is a small top-up for people who have a modest amount of income or savings.
It comes down to the amount of savings you already have, plus all sorts of asset types combined. For example, if you are a single homeowner you can get a full pension with an asset limit of $270,500. As a couple with a home and combined assets your limit is reached at $405,000 to receive a full pension.
To qualify for pension credit you must:
Have reached state pension age. If you're in a couple, you'll BOTH need to have reached state pension age. You don't have to be married or in a civil partnership, you're considered a couple if you live together.
There isn't a savings limit for Pension Credit. However, if you have over £10,000 in savings, this will affect how much you receive.
You can have up to £10,000 in savings before it affects your claim. Every £500 over that amount counts as £1 of weekly income. If you get Pension Credit guarantee credit, you can have more than £16,000 in savings without it affecting your claim.
You can receive the age pension straight away after you turn 66 and you retire or can start accepting it after your superannuation is under the applicable income and asset limits. The maximum basic rate for the Age Pension (as of 1 October 2021) is $882.20 for a single person or $1,330 for a couple combined.
You and your partner must have no more than $5,000 in combined readily available funds. This includes any liquid assets you can sell. Liquid assets include cash you have on hand, money you have in the bank and financial investments you have.
If you are a pensioner, your council tax reduction will apply to the whole of your bill. A pensioner is someone who has reached the qualifying age for state pension credit. You can use the State Pension calculator on the Government's website to find out if you have reached the qualifying age.
You don't typically have to apply for the winter fuel payment if you are eligible. You should receive the money automatically. However, if you have not had the payment before, you only need to claim if any of the following apply: you do not get benefits or a State Pension.
For up to date information on winter fuel allowance see the government grants guide. Every household with someone aged 60 or over is entitled to help towards their winter energy costs.
Winter Fuel Payment is an annual tax-free payment for households that include someone born on or before 25 September 1956. It's designed to help you cover your heating costs in winter.
You qualify for a Winter Fuel Payment if both the following apply: you were born on or before 25 September 1956. you lived in the UK for at least one day during the week of 19 to 25 September 2022 - this is called the 'qualifying week'
If you have £10,000 or less in savings and investments this will not affect your Pension Credit. If you have more than £10,000, every £500 over £10,000 counts as £1 income a week. For example, if you have £11,000 in savings, this counts as £2 income a week.
The full new State Pension is £185.15 per week. The only reasons you can get more than the full State Pension are if: you have over a certain amount of Additional State Pension.
A single homeowner can have up to $609,250 of assessable assets and receive a part pension – for a single non-homeowner the higher threshold is $833,750. For a couple, the higher threshold to $915,500 for a homeowner and $1,140,000 for a non-homeowner.
If you have savings or a second pension
You'll get up to £14.48 Savings Credit a week if you're single. If you have a partner, you'll get up to £16.20 a week.
What is Pension Credit? Pension Credit, also known as state pension credit, is a benefit for people who are on a low income and have reached pension age. Pension Credit has two parts: guarantee credit, where an amount known as an 'appropriate minimum guarantee' is calculated.
All pensioner households will receive an extra £300 to help them cover the rising cost of energy this winter while people with disabilities will receive an extra £150 to help with additional costs they face. The Chancellor also announced an extra £500 million of funding.