You could get hundreds in support once you reach state pension age – act now

Budget 2021: Experts outline state pension changes

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The state pension is a vital source of financial support, but it is not the only help on offer to older people. In fact, there is lots more aid available to those who have retired, which is worth looking into. Older people could not only be eligible for benefits, but also other entitlements to aid their day-to-day lives.

Perhaps one of the most important payments issued to older individuals is Pension Credit.

It is thought there are some one million people missing out on the benefit designed to assist pensioners on a low income.

Pension Credit tops up weekly income to £177.10 for singletons, and £27.0.30 for those who have a partner in a process known as Guarantee Credit.

But Pension Credit also has another important aspect: Savings Credit, for those who saved some money for retirement.

Available to those who reached state pension age before April 6, 2016, people will get up to £14.04 per week if single, and £15.71 a week if they have a partner.

However older people, particularly those entitled to Pension Credit, could find they are eligible for other help.

One of these is help with NHS costs, such as prescriptions, dental treatment, glasses and transport for hospital appointments.

Those on Pension Credit who are aged 75 or over, will be entitled to a free TV licence, which will help with the cost, otherwise £159 per year.

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Those who have reached state pension age will also be eligible for a free bus pass – a vital entitlement for many.

In Scotland, Wales and Northern Ireland, as well as London, will usually be able to get a free bus pass at 60.

However, in most parts of England, individuals will have to wait until they reach state pension age for this entitlement.

Attendance Allowance is another benefit which could help those who are above state pension age.

It helps with extra costs for those who have a disability or health condition severe enough that they need someone to help look after them.

Importantly, though, people do not actually have to have a carer to gain this support – opening it up to a wider range of people.

The payment is split into two rates, with the lower rate of £60 per week for those who need frequent help or constant supervision during the day, or supervision at night.

The higher rate of £89.60 is for those who require help or supervision throughout both day and night.

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In addition, a claim for Attendance Allowance could mean a person gets extra Pension Credit, Housing Benefit or Council Tax Reduction.

They should check with the office dealing with their benefit to find out more. 

Finally, those of state pension age could get a Winter Fuel Payment issued to them as temperatures drop.

This will be between £100 and £300 to help pay heating bills, and in most cases, will be issued automatically. 

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