ladbible homepage
ladbible homepage
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Videos
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • SPORTbible
  • Tyla
  • FOODbible
  • UNILAD Tech
Home>News
Updated 08:05 14 Jun 2023 GMT+1Published 07:32 14 Jun 2023 GMT+1

Martin Lewis issues urgent warning to thousands of Brits missing out on £3,500 pension credit

On his ITV show, Martin Lewis has issued an urgent warning to thousands of Brits missing out on pension credit

Callum Jones

Callum Jones

google discoverFollow us on Google Discover
Home>News
Updated 08:05 14 Jun 2023 GMT+1Published 07:32 14 Jun 2023 GMT+1

Martin Lewis issues urgent warning to thousands of Brits missing out on £3,500 pension credit

On his ITV show, Martin Lewis has issued an urgent warning to thousands of Brits missing out on pension credit

Callum Jones

Callum Jones

google discoverFollow us on Google Discover

Money Saving Expert's Martin Lewis has issued an urgent warning to thousands of Brits that are missing out on pension credit.

There is no questioning Lewis has provided all the financial advice to millions over the years, particularly over the last few months as the cost of living crisis continues to take its toll.

In recent weeks, he has provided important information for Brits heading abroad this summer and now he has turned attention to pension credit.

Advert

The Money Saving Expert has revealed that many pensioners who are on low incomes could be entitled to have their payments topped up without even realising.

Martin Lewis has issued an urgent warning surrounding pension credit:
ITV

Speaking on the new series of ITV's Martin Lewis Money Show, Lewis said you should be eligible for pension credit based on how much you earn.

If you are single, you are entitled to the credit if your weekly income is lower than £201.95, which rises to £306.85 if you have a partner.

This could potentially see you moved up to a 'full' state pension of £203.85 a week.

While many see the main benefit of pension credit being the boost, it can actually open doors to many other benefits - something crucial to a lot of folks with the current economic climate.

Lewis says a whopping £1.7 billion is unclaimed.
ITV

That includes a package of up to £600 for cost of living support.

But while it sounds all great, Lewis says up to 800,000 Brits could be eligible for pension credit but are currently missing out.

With a whooping £1.7 billion unclaimed, Brits on average are missing out on £3,500 a year.

Speaking on his ITV money show, Lewis said: "Really this is something of a national tragedy because these are some of the poorest people in the country who have been paying into the system for years and they are not getting the top up to their state pension that they are entitled to.

"So this is my rough rule of thumb:

"If you're a single pensioner with a total income of under £220 a week, or a couple both of state pension age with total income under £320 a week then you should check - I'm not saying you will get it just that it's worth checking.

"This is worth an average of £3,500 a year."

If you reached pension age after April 6 2016 and have around 35 years of qualifying National Insurance, it is certainly worth checking if you are eligible.

Featured Image Credit: ITV

Topics: Martin Lewis, Money, UK News

Callum Jones
Callum Jones

Recommended reads

Belfast dad hailed a hero after using son's hurling stick to stop knife attackGoFundMeDavid Lammy says ‘his generation is failing young men miserably’Leon Neal/Getty ImagesBarbaric culling of up to 13,000 wild horses will start in Australia this weekJustin Mcmanus/The AGE/Fairfax Media via Getty Images via Getty ImagesJay Slater’s mum still ‘keeps his phone charged’ two years on from tragedyFamily Handout

Advert

Choose your content:

17 mins ago
an hour ago
3 hours ago
  • GoFundMe
    17 mins ago

    Belfast dad hailed a hero after using son's hurling stick to stop knife attack

    Maitiu Mág Tighearnán says he acted on instinct after seeing the attack

    News
  • Leon Neal/Getty Images
    an hour ago

    David Lammy says ‘his generation is failing young men miserably’

    Deputy Prime Minister David Lammy tells LADbible 'serious solutions are needed' following research into the raw reality for young men

    News
  • Family Handout
    3 hours ago

    Jay Slater’s mum still ‘keeps his phone charged’ two years on from tragedy

    Jay Slater’s mum Debbie Duncan says she still sprays her son's aftershave

    News
  • (Chris Torres-Pool / AFP via Getty Images)
    3 hours ago

    Nick Reiner demands his $1.5 million inheritance as he faces trial for parents' murder

    The son of Hollywood director Rob Reiner is accused of murdering his parents in December 2025

    News
  • Martin Lewis explains whether you should keep heating on low all day or turn it on when needed
  • Martin Lewis issues urgent warning to any Brits who still have a student loan
  • Martin Lewis issues desperate warning to Brits booking holiday this summer
  • Martin Lewis issues warning to all Brits over scam that’s ‘ruining people’s lives’