Martin Lewis' MoneySavingExpert warns 1million retirees missing out on £3,000 a year pension credit

MARTIN Lewis' MoneySavingExpert has warned millions of retirees are missing out on £3,000 a year in lost pension credit.

MoneySavingExpert made a rally call in its weekly email telling people to “spread the word” about the thousands of pounds retirees could be claiming.

The website, which was founded by Martin and run by a team of experts, said eligible Brits could get roughly £60 per week under the scheme.

Those eligible could also get discounts off some bills.

MoneySavingExpert said: “Pension credit is not automatic and about 1m who are eligible don't claim. 

“So please use our latest nag to check and PLS SPREAD THE WORD, as many who could get it won't see this – so if you think you know someone eligible, tell 'em.”

What is pension credit and how much is it worth?

Pension credit is a benefit typically paid to those who've reached state pension age in England, Scotland, and Wales.

There are two parts to it, and you could qualify for one or the other or both.

The "guarantee credit" benefit will top up your income if it’s below £173.75 a week for single people and below £265.20 for couples.

If you qualify, your income will be topped up to these thresholds.

Meanwhile, the "savings credit" element is an extra payment for people on a low income who saved some money towards their retirement, for example a pension.

Here, you'll be paid up to £13.97 a week if you're single or up to £15.62 a week if you're in a couple.

How do I claim pension credit?

Pension credit isn’t dished out automatically, so you’ll have to apply for it yourself.

You can start your application up to four months before you reach State Pension age – which is the earliest age you can start receiving your State Pension. 

Check on’s website to see what your State Pension age is.

If you’ve reached the State Pension age, you can put in your claim, but you can only get payments backdated for three months.

You can apply on the website for pension credit.

You’ll need your National Insurance numbert, information about your income, savings and investments.

Have your bank account details handy if you’re applying by phone or post.

If you’re planning on posting your claim, fill out this pension credit claim form and send it to:

The Pension Service 8

Post Handling Site B


WV99 1AN

If you’re wanting to phone to apply, ring the pension credit claim line on: 0800 99 1234.

What bills can I get discounts on if I have pension credit?

You can also get discounts off some household bills if you get pension credit.

If you rent your home, you might be able to cover this cost in full if you make a claim for Housing Benefit.

You’ll be able to apply for Housing Benefit as part of your pension credit application.

You could also get a full reduction on your council tax if you get the guarantee part of the pension credit, but if you don’t, you may still be eligible for some money off.

You can apply for a council tax reduction through

There’s a different scheme you’ll need to apply to if you live in Northern Ireland.

You could also get £25 a week to help with energy bills during the winter under the cold weather payment scheme.

You get £25 for every seven day period where the weather is below 0C during this time frame.

You don’t need to apply for the cold weather payment as it’s paid automatically.

If you don’t receive a payment and believe you’re eligible then you can tell your pension centre or Jobcentre Plus office, or call the Universal Credit helpline on 0800 328 5644.

You’ll also be eligible for a free TV licence. 

This means you won’t have to fork out £157.50 for the cost of a colour one.

Plus, you can get free dental care and vouchers for glasses or contact lenses.

We've rounded up eight of Martin Lewis' money-saving tips that could save you £9,243.

The money guru has also weighed in on whether it’s cheaper to leave the heating on all day or switch it on when needed.

Martin explains how to claim back thousands of pounds from your bank.

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