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  1. Consumer Issues (July 2022).pdf

    the cost of many essential services, but they are often poorly promoted to those that would most benefit. Additional support should also be available to those that face higher bills due to health conditions ... someone that does. Many people on low incomes will also miss out on means-tested financial support due to not claiming linked benefits or having an income just above the eligibility threshold. Poverty

  2. Age UK Pensions Schemes Bill - parliamentary briefing.pdf

    consolidation and Value for Money) are operationally possible. 1) Meaning of better outcomes Any changes to a member’s pot must meet a ‘best interests test’, overseen by an independent person, which meets certain ... other members”. We believe that there might be competing interpretations on what a “better outcome” means, and that the focus should be on generating the best outcomes at retirement – we encourage Peers to

  3. Age UK Parliamentary Briefing - How is the cost of living affecting older people in 2026 (April 2026).pdf

    that target key sources of financial pressure. The Government should take targeted action to boost benefit take-up, widen access to energy bill support and ease the housing costs of pensioners on low and ... consider how any targeted support will reach those on low incomes, not only those receiving means-tested benefits. The Government should be prepared to use other routes including the Crisis and Resilience

  4. Poverty and financial disadvantage (Dec 2021).pdf

    their entitlements Means-tested benefits provide a safety net to protect people on the lowest incomes yet many miss out on this vital support despite work to encourage take-up of benefits. According to the ... the most recent estimates around £2.2 billion of Pension Credit and Housing Benefit are unclaimed by pensioners every year in Great Britain.iii Public policy proposals • The Government should set out

  5. Energy (March 2022).pdf

    The WHD provides £140 to help older people claiming Pension Credit and others receiving lowincome benefits with their energy bills. To help people when temperatures get exceptionally low, Pension Credit ... Credit do not receive it, which means they miss out on linked financial support like the WHD. It is imperative the Government do more to ensure those eligible for benefits receive them. Wider support for

  6. Triple lock and the State Pension - September 2021.pdf

    in recent years. Nearly a quarter (23%) rely on means-tested benefits to top up their income and many others are entitled to, but not receiving, benefits that are due to them. Nearly a million pensioners ... in later life through state and private provision. State Pensions should minimise reliance on means-tested top-ups and provide a secure platform on which to build private savings. • The position of those

  7. Pension credit information guide (PDF)

    Information guide AgeUKIG50 2 What is Pension Credit?. Pension Credit is a means-tested benefit for older people. This means that what you get depends on your income and your savings. There are 2 parts ... Credit. By claiming it, you may become eligible for other benefits, such as Housing Benefit and Council Tax Reduction. “Claiming Pension Credit means my other half and I have that bit extra. It’s really

  8. Briefing: the Winter Fuel Payment - Apr 15 (PDF)

    people receiving the state pension or certain benefits (a claim may be needed in some circumstances eg from men aged 62-64 who are not receiving benefits). How has its value changed since it was introduced ... in the winter of 1997-98. For example:  In 1997/98 it was £20 (£50 if receiving certain means-tested benefits).  Since 1999/2000 payments have been at least £100 a household.  Since 2003/04: they

  9. State Pensions policy position (Nov 2021).pdf

    State Pension and new State Pension have been increased by what is known as the ‘triple lock’. This means that annual increases are in line with increases in average earnings, prices or 2.5% - whichever is ... are still less than £9,000 a year and many people need to rely on additional support from means-tested benefits. Some commentators have suggested the uprating mechanism should be changed. Due to special

  10. Parliamentary Briefing How are older people managing the cost of living.pdf

    low-to-modest incomes and older renters, are facing particular difficulties. Those receiving means-tested benefits are also more likely to struggle, suggesting that such support is not fully meeting people’s ... receiving means-tested benefits are also more likely to struggle, suggesting that receiving such support doesn’t fully meet people’s basic needs • Nearly three in 10 (28%) older people receiving means-tested

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