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Pension Credit is a government benefit available to people who are on a low income while claiming the State Pension. If you’re eligible, you could receive over £3,000 a year in extra support, providing a much-needed boost in your retirement income as we see a rise in the cost of living.

More than 1.4 million people already claim Pension Credit. But many others who could claim it, don’t. The Department for Work and Pensions (DWP) believes up to £1.7bn in Pension Credit is left unclaimed every year.

That could make a big difference to a lot of people’s heating, council tax and food bills. So we’ve put together this article, to explain what Pension Credit is, who can claim it and how they can claim it. If you’re eligible for Pension Credit and not claiming it, hopefully it’ll help you.

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Pension Credit is a top-up to the State Pension for those on the lowest incomes. It’s separate from the amount you receive in your State Pension.

If you are eligible, it’ll top up your retirement income to:

• £182.60 per week if you’re single
• £278.70 per week if you live with your partner

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The Pension Credit you’ll receive depends on:

• Your level of income, such as from pensions, and any current employment
• The amount you have saved or invested
• Whether you live with your partner, as your savings and investments will be combined when you claim.

If you qualify for Pension Credit, you could also receive discounts that will help you to save money on your bills. You could get a discount on your council tax, and may qualify for the Warm Home Discount. If you’re over 75, you’ll also get a free TV licence..