It's going to be a tough winter for many state pensioners this year after the Winter Fuel Allowance was changed to be means tested, so many who used to get the £300 handout will no longer receive it
Finance guru Martin Lewis is calling on state pensioners to secure an £11,300 boost by simply making a phone call. With the Winter Fuel Allowance now means-tested, many pensioners who previously received the £300 benefit will miss out this year.
Martin Lewis emphasises: "It's become more crucial than ever because that Winter Fuel Payment that up to £300 payment that did to go every pensioner is now dependent on Pension Credit." He continues, highlighting the issue of underclaiming: "So, Pension Credit, now I've been shouting about this here and everywhere and on my site for many years and it is chronically underclaimed.
He further explained: "If you're a single pensioner and you have total weekly income under £218 a week, you will likely get it, if it's under £235 a week you will maybe get it but it's still worth checking. If you're a couple - both of you are state pensioners living together - then my rule is you should check if it's under £350 total weekly income.
"The most complicated thing is, total weekly income is any money from work, private pension, state pension and any benefits are included, plus if you have over £10,000 savings or investments, then for every £500 you are over that they count that as £1 a week income. Which actually works out at a 10 per cent return, chance be a fine thing."
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