hope this helps
Friends and readers. As you know Greater pilton has a large elderly population,and to this end we were asked by the post office to explain, the PENSION CREDIT as some of our elderly had difficulty inderstanding it.
So here goes. Pension Credit simplified.
What is it.
Pension credit is a new entitlement for people aged 60 or over that was introduced by the government from october 2003.
It replaces income support[is] and the minimum income guarantee[mig]. It guarantees everybody aged over 60 and over a minimum weekly income of at least.
£114.05 a week if you are single
or
£174.05 a week if you have a partner
Many people including carers, disabled, and others with mortgages will be entitled to more than minimum amounts.
For the first time people aged 65 and over will be rewarded for some of the savings and income they have for their retirement. You may be one of them.
Hope this quick guide helps.