Brits are being warned that a wide array of benefits become inaccessible upon reaching State Pension age. The Department for Work and Pensions (DWP) has released new figures showing that the State Pension is providing crucial financial support to 12.9 million people across Great Britain.
The current value of this regular payment stands at up to £221.20 per week for those on the New State Pension (claimed after April 6, 2016), or £169.50 weekly for the Basic State Pension (Category A or B).
The amount someone receives from this contributory benefit depends on their National Insurance years accrued before reaching the current retirement age of 66 - a minimum of 10 years is required to qualify for any State Pension payment.
For those nearing the official retirement age in the coming months, it's vital to understand which benefits will continue, which new ones you may now be eligible for, and those you can no longer make a new claim for, reports the Daily Record.
Read more on manchestereveningnews.co.uk