18 ways older people can boost their income before the end of this year

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18 ways older people can boost their income before the end of this year
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Full list of benefits, discounts, cost of living and seasonal payments only available for people over State Pension age

The latest statistics from the Department for Work and Pensions show that there are now 12.6million people across Great Britain receiving State Pension payments of up to £203.85 each week. Basic and New State Pensions are contributory benefits which provide crucial financial support to those who have paid at least 10 years’ worth of National Insurance contributions.

It's also worth noting that dedicated older people's charities such as Independent Age and Age UK offer free, confidential and impartial advice on accessing additional financial help. £300 and £299 cost of living payments People over 66 making a new claim for Pension Credit may also qualify for the £300 and £299 means-tested cost of living payments, due to be paid at some point this Autumn and next Spring .

The amount you get depends on your age and who lives in your household. If you’ve had the payment before, you should get it again without having to claim. You should also get it automatically if you meet the age and residence criteria, and get any of the wide range of benefits.If you qualify, you’ll get a letter confirming how much money you can expect to receive. The letter will also explain how you can update any incorrect information, such as your bank details.

Warm Homes Discount scheme Certain people on a low income and getting means-tested benefits can get a deduction from their winter electricity bill through the Warm Homes Discount scheme - for the tax year 2023-2024 the discount is worth £150.

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