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Benefits rule changes could cost pensioners in UK thousands a year | Society | The Guardian

Benefits rule changes could cost pensioners in UK thousands a year The work and pensions secretary, Amber Rudd, leaves No 10. Age UK has described the changes as a ‘substantial stealth cut’. Photograph: Mark Thomas/Rex/Shutterstock Thousands of poorer UK pensioners who have partners of working age could lose up to £7,000 a year in top-ups as a result of imminent rule changes that will require them to claim universal credit as a couple. Changes slipped out on Monday night by the Department for Work and Pensions mean that from 15 May, new pensioners whose partners are younger than the state retirement age of 65 can no longer claim a means-tested top-up called pension credit. Instead they will be forced to claim the much less generous universal credit alongside their younger partners. The couple rate of universal credit is £114.81 a week compared with £255.25 for a couple receiving pension credit. This amounts to a potential loss of £7,320 a year. Age UK described the change as a “substantial stealth cut” and said it could have a devastating effect on the health and wellbeing of some older people and increase the numbers of pensioners in poverty.

Webmasters's insight:

From 15 May, new pensioners with partners under 65 can no longer claim pension credit.

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Getting your income covered with Income protection insurance, either your a PAYE employee or Self Employed, it may be a good idea to get your self covered for the unexpected events in life later on.

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Compare Bicycle Insurance Quotes, with one of the UK’s only bicycle insurance comparison service.

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Black Friday Deals Not So Cheap

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0% Credit Cards and Hidden Charges

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Real Living Wage to rise to £9.30 per hour.

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Signposting to help older people

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New 5 Year Deal For Virgin Media & Vodafone To Provide Better Services.

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The Cost of Going Self-Employed – Your Pension Pot

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Courier Insurance: What It Is & Why You Need It

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Save money on your energy bills by comparing and how much could you save?

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