{"id":102375,"date":"2025-01-22T13:00:00","date_gmt":"2025-01-22T13:00:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=102375"},"modified":"2025-01-22T11:41:43","modified_gmt":"2025-01-22T11:41:43","slug":"dwp-urges-waspi-women-access-4200-support","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/dwp-urges-waspi-women-access-4200-support\/","title":{"rendered":"DWP Urges WASPI Women to Access \u00a34,200 in Annual Financial Support"},"content":{"rendered":"\n

The Department for Work and Pensions (DWP) is urging pensioners, particularly women born in the 1950s, to check their eligibility for Pension Credit<\/strong>. This means-tested benefit, averaging \u00a34,200 annually, offers vital financial support to retirees facing rising living costs. Despite its importance, over 760,000 eligible individuals are not claiming this benefit, leaving millions of pounds unclaimed.<\/p>\n\n\n\n

The campaign comes amid ongoing debates surrounding the State Pension age increase<\/strong>, which disproportionately affected women in their 60s. While calls for compensation for this group persist, the DWP has instead highlighted Pension Credit as an immediate and practical solution to support those in need.<\/p>\n\n\n\n

Pension Credit: What It Offers<\/h2>\n\n\n\n

Pension Credit<\/a> is designed to top up weekly income for low-income retirees, ensuring financial stability for some of the UK\u2019s most vulnerable groups. It consists of two components:<\/p>\n\n\n\n

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  1. Guarantee Credit<\/strong>: Provides a minimum income of \u00a3227.10 per week for single pensioners<\/strong> or \u00a3346.60 per week for couples<\/strong>.<\/li>\n\n\n\n
  2. Savings Credit<\/strong>: Rewards individuals with modest savings or additional income, available to those who reached State Pension age before April 6, 2016.<\/li>\n<\/ol>\n\n\n\n

    In addition to direct financial aid, even a minimal entitlement to Pension Credit can unlock further benefits, including:<\/p>\n\n\n\n