Credit where it's due: The facts

The facts

• As many as 880 thousand pensioners in the UK are not getting the Pension Credit they are entitled to.
• The Government statistics show that in the financial year 2021/2022 approximately £2.1 billion earmarked for the poorest pensioners didn’t reach them.
• An unacceptable number of older people are having to juggle between paying for food or fuel. The average weekly payment for Pension Credit could cover both.
• Our research with Loughborough University showed that if everyone received the Pension Credit they are entitled to, approximately £4 billion would be saved on health and social care costs.

What is Independent Age calling for?

We want the Government to recognise this serious, long-term issue and take action.

Action to increase Pension Credit uptake must form part of a strategy and be based on evidence if we’re to see rapid and meaningful change. The strategy should include: 

• Urgent proposals and flexible funding for local authorities to target support at those missing out and get money into pensioners’ pockets in the short-term.  
• Plans to explore long-term solutions, for example, automatic payments of Pension Credit.  
• Coordination with plans being delivered across devolved governments.