Older state pensioners can get £12,376 handout with 7 extra benefits on top | Personal Finance | Finance

From April, Pension Credit will be uplifted, meaning pensioners could be in for a payout. Pension Credit gives you extra money to help with your living costs if you’re over state pension age and on a low income. It can also help with housing costs such as ground rent or service charges.

Pension Credit will be uplifted by 4.8% from April, to approximately £238. Receiving £238 per week could mean you see £12,376 per year.

Not only this but you can also use it to qualify for seven extra benefits. For those aged 75 or over, you can also get a free TV licence.

To claim Pension Credit, you will need to receive less than the full state pension amount per week (around £241) without other income.

If you’re wondering when you can apply, you can start your application up to four months before you reach state pension age.

You can apply any time after you reach State Pension age, but your application can only be backdated by 3 months.

You can still claim it if you own your home or have savings, although the amount you receive may be reduced depending on your savings. You can also still claim if you are caring for someone with a disability, or if you have one yourself.