The Department for Work and Pensions (DWP) is set to dispatch an important leaflet to all 11 million state pension recipients in the upcoming weeks, as a significant number may be foregoing an additional £3,900 a year.
With state pension rates rising by 4.1 percent come April in adherence to the triple lock, the department is seizing the opportunity to urge pensioners to check if they can get additional funds.
Pensions minister Torsten Bell revealed in response to a parliamentary enquiry: "Over the coming weeks, as part of the annual state pension uprating exercise, around 11 million pensioners will receive a leaflet promoting Pension Credit along with their state pension uprating letter." It's believed that hundreds of thousands of households are not claiming Pension Credit, despite recent Government efforts to encourage applications.
On average, each claim could mean an annual boost of £3,900 worth of extra income. Pension Credit serves as a supplement to your income, increasing weekly income to £218.15 for individuals and £332.95 for couples.
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