As many struggle with the rising costs of living, Brits are being reminded to ensure they are receiving all the financial assistance they are qualified for to.
This year, DWP benefits increased by 6.7 %, possibly providing hundreds of pounds of more aid to eligible individuals.
DWP Adjusts Benefits: Key Increase for Pension Credit and Attendance Allowance
Each year, the government adjusts benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) based on the inflation rate from September of the previous year.
In September 2023, inflation was recorded at 6.7%, resulting in an increase in the value of some benefits by hundreds of pounds this year.
With more than 2.1 million retirees facing financial hardship in the UK, it is critical to ensure that loved ones receive the necessary help. Pension Credit and Attendance Allowance are greatly underclaimed, despite the fact that many more people are eligible.
These benefits can be valued up to £1,913 per month, which can significantly improve their financial circumstances.
Attendance Allowance Rates 2024
Attendance Allowance is provided by the DWP to those over the state pension age, which currently stands at 66 years old, who require assistance with personal care due to an illness or a disability.
Applicants must have a serious impairment or sickness that need personal care, and they must have required this assistance for at least the previous six months.
The benefit comes in two rates: lower and higher. The amount claimants get is determined by how much aid is required, not by how much help the person currently receives.
The updated weekly payment rates for 2024/25 are as follows:
- Higher rate: £108.55
- Lower rate: £72.65.
In 2024/2025, individuals could receive £3,777.80 annually at the lower rate or £5,644.60 annually at the higher rate. This mounts to monthly payments of £314.81 and £470.38 each.
People who already claim Personal Independence Payment (PIP), Adult Disability Payment (ADP), or the care component of Disability Living Allowance (DLA) will not be eligible to seek Attendance Allowance.
To file a claim, individuals must complete an Attendance Allowance form that clearly outlines the assistance they require and do not require.
People can obtain a form by calling the hotline at 0800 731 0122 or downloading it through the government website.
Pension Credit 2024
The Department for Work and Pensions (DWP) provides Pension Credit to pensioners on low income as a separate benefit from the state pension. It is offered to boost people's income and help them reach a more comfortable quality of life.
Those who receive this benefit can also access a wide variety of additional benefits, such as assistance with housing costs, council tax or energy bills.
Individuals can qualify for this benefit even if they have other income, savings, or own their home, but they must apply for it as it is not automatically paid.
The extra money increases people's weekly earnings to £218.15 if they are single, and to £332.95 if they have a spouse or partner.
Pension Credit can provide a monthly benefit of £945.32 to £1,442.78, based on the recipient's circumstances. When paired with the highest amount of Attendance Allowance, total monthly earnings could reach £1,913, yet neither of the benefits is subject to taxation.
Carers, severely disabled, or those in charge of a child or young person may be eligible for additional benefits, which can increase this sum even further.
You are most likely eligible for Pension Credit if your total weekly income is below £220. However, individuals with slightly higher earnings may still qualify.