Claiming pension credit also acts as a gateway to other benefits, such as help with heating costs, housing benefit and dental treatment
dit?’savings to be answered by our expert, Tom Selby, head of retirement policy at investment platform AJ Bell. There is nothing he doesn’t know about pensions. If you have a question for him, email us at– alongside a very small private one – but am struggling with the cost of living. Although I own my house, the increasing cost of food and other basic items means I’m some weeks finding myself in negative budgeting.
As you live in your home, its value should not be considered as part of your pension credit application. However, if you owned a property other than the home you live in, then this could affect your claim. Those who claim pension credit currently qualify for cost-of-living payments from the government. These payments are designed to help people through the current period of high inflation and are targeted at low-income households.
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