Retirement expert Helen Morrissey is urging nearly one million people over State Pension age on a low income not to miss a crucial deadline to claim the £299 cost of living payment.
New claims for Pension Credit made before the end of March 5, which later turn out to be successful, will also qualify for a backdated payment of the final round of cost of living support from the Department for Work and Pensions (DWP).
Pension Credit is a retrospective benefit that can be backdated by up to three months, which would take any applications submitted before March 5 to within the qualifying period of November 13 - December 12, 2023.
The latest figures from the DWP suggest there are around 880,000 eligible pensioners not claiming the benefit they are entitled, potentially missing out on £3,900 additional annual income.
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