The Department for Work and Pensions (DWP) has revealed that the State Pension is currently providing a regular financial income for 12.7 million older people across the UK.The payment is available to those who have reached the eligible retirement age of 66, as set by the UK Government, and have made at least 10 years' worth of National Insurance contributions.
However, individuals aged over 80 with no Basic State Pension income or a weekly income less than £101.55 could be entitled to additional funds to assist with daily living costs.
The 'Over 80 Pension' provides older people with £101.55 each week if they are not receiving any Basic State Pension, or it makes up the difference to that amount.
Moreover, low-income individuals over 80 may also qualify for Pension Credit, which offers on average more than £3,900 in extra financial support annually.
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