One week warning for nearly one million to claim £301 cost of living payment NOW

NEARLY a million people have to check right now to see if they can claim £301 of living expenses, or risk missing out.

Retirees have just one week to check to apply for pension credit and are still eligible for the first part of their £900 payment.

Retirement credit is considered a gateway benefit as it often means claimants can get extra help


Retirement credit is considered a gateway benefit as it often means claimants can get extra helpCredit: Alamy

Applicants have until May 19 to submit their request to pension credit.

If it’s later, you’ll miss your first living expense payment.

Retirees can check their eligibility and estimate what they could get by using an online retirement credit calculator.

You don’t have to get a state pension to get it.

It increases a person’s income to a minimum of £201.05 a week for single pensioners and up to £306.85 for couples or more if one is disabled or has responsibilities take care of.

Retirement credit is sometimes described as an “input benefit,” because even a small retirement credit bonus can provide access to a variety of other benefits.

This could include help with housing costs, council tax or heating bills – in addition to additional living expenses payments.

Earlier this week The Sun revealed that a woman is now better than 10,000 pounds after finding out she could get retirement credit.

Thabani was earning just £320 a month before claiming and now receiving an extra £109.61 a week and has increased her total earnings to more than £10,000 since she started claiming almost two years ago.

She also finds herself eligible for the attendance allowance because her daughter, Khwezi, has to care for her due to Osteoarthritis and high blood pressure.

About 1.4 million pensioners receive pension credit, but many who may be eligible do not claim this additional financial support.

You can claim benefits online or by calling the retirement credit claim line on 0800 99 1234.

Before you make a request, it’s important to have all of your details ready.

You will need your National Insurance number, bank account details, and information about your income, savings and investments.

Below we explain who is eligible for retirement credit, how much you’ll get, how to apply, and how you’ll get paid.

Who is eligible for retirement credit?

It is available to people who are over state pension age and live in the UK, Scotland or Wales.

This number is now growing to 66 for both men and women.

Previously, couples, in which one person was over state pension age, could claim, but the new rules now mean both people in a couple must be above retirement age to be eligible. apply for.

This means that if you are single and move in with a partner younger than the state pension age, you will no longer be eligible.

But if you already got pension credit under the old system, it won’t stop unless your circumstances change.

To qualify, you need a weekly income of less than £201.05 for singles or £306.85 for couples.

Your earnings are calculated taking into account various factors including:

  • Your state pension
  • Any other pensions you have saved, such as workplace savings or a private pension
  • Most social security benefits, for example, carer benefits
  • Any savings or investments worth more than £10,000
  • Income from a job

The calculation does not include:

  • attendance allowance
  • Bonus on Christmas
  • Disability living allowance
  • Individual independent payment
  • Housing welfare
  • council tax relief

If your income is too high for retirement credit, you can still get some savings retirement credit, so you should check.

How much can you get in retirement credit?

There are two parts of the benefit and retirees may be eligible for one or both – here are the current rates for the tax year:

  • Credit guarantee – increase your weekly earnings to the guaranteed minimum. This is £201.05 a week if you are single and £306.85 a week for couples.
  • Credit Savings – provide extra money if you have already saved money for retirement. You can get an extra £15.94 per week for one person or £17.84 per week for a couple.

You can also get an extra pension credit if you are disabled, have caregiving responsibilities or have to pay certain housing costs such as mortgage interest payments.

For example, you could receive £61.88 a week or £72.31 per week for each child or young person for whom you are responsible.

If you are a person with a disability or care for someone with a disability, you may be able to get more.

For example, if you are severely disabled you could get an extra £76.40 a week, or if you care for another adult you could get an extra £42.75 a week.

How to apply?

You can start enrolling up to four months before reaching state pension age.

Applications for pension credit can be made on the government website or by calling the pension credit claim line on 0800 99 1234.

You can ask a friend or family member to call you, but you need to be with them when they call.

You will need the following information about you and your partner if you have:

  • national insurance number
  • Information about any income, savings and investments you have
  • Information about your income, savings and investments on the date you want to defer your application (usually 3 months before or the day you reach state pension age)

If you claim after reaching state pension age, you can delay your claim date by up to three months.

How will I be paid?

Your benefits are usually paid into an account, such as a bank account.

They are usually paid every four weeks.

You will be asked to provide your bank, building association or credit union account details when you make a claim.

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But if you have trouble opening or managing your account, you can request another way.

Do you have a money problem that needs sorting? Get in touch by sending an email

Russell Falcon

Russell Falcon is a USTimesPost U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Russell Falcon joined USTimesPost in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing

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