Pension credit campaign launched

Aug 21, 2024

The Government has launched a pension credit publicity campaign following the means test winter fuel payments decision. Chancellor Rachel Reeves introduced the means test, limiting the benefit to pensioners on pension credit, in response to the “dire state of public finances” inherited from the Conservatives. Previously, the payment was available universally to all pensioners since 1997.

Despite maintaining the triple lock, which will see state pensions rise significantly over the next five years, Reeves has faced criticism for the move. Critics warn that millions of pensioners could be forced to choose between heating their homes and eating a hot meal this winter. Over 370,000 people have signed an Age UK petition calling for the decision to be reversed.

The change has a significant impact. Government estimates suggest that 1.3 million households in England and Wales will still receive winter fuel payments, but around 130,000 people across the UK will lose out as they earn just above the pension credit threshold.

Campaigners argue that the triple lock increase won’t offset the loss of the winter fuel payment. While around 850,000 pensioners are eligible for pension credit but do not claim it, the Government believes the figure is closer to 880,000. The campaign aims to encourage these pensioners to apply before the 21 December deadline, which allows them to claim backdated payments and qualify for the winter fuel support this year.

Talk to us about your finances.

Make the switch to us

Choosing StationOne means opting for a service where excellence, expertise, and a personal touch converge. Our rates reflect the quality and dedication we bring to every interaction. We are not just about the numbers; we're about fostering growth, ensuring compliance, and paving the way for your business's prosperity.

Get in touch

Fancy a new accountant? Contact us for tailored financial guidance.

Tell us about your business

Share your business needs; we'll provide the bespoke financial solutions.

We'll take it from here

Trust us to lead your financial operations to success.

"Enables us to be more profitable"

"Having been a client for many years we have learned how important Food and Drink GP’s are to the running of our restaurants and getting these to the correct %’s every week enables us to be more profitable and then be able to concentrate on managing other costs"

StationOne favicon3

How can we be of service?

Embark on your journey towards financial excellence with StationOne. Let us show you what it means to have not just an accountant, but a committed partner in your corner.