Pension Credit
At present, this benefit is only available to those of state pension age and above, meaning a rise would affect future entitlement.
The sum offers extra money to help with living costs for pensioners who are on a low income, separate from the state pension.
The benefit tops up weekly income to £182.60 if a person is single, and joint weekly income to £278.70 for those with a partner.
Pension Credit is a “gateway benefit”, meaning it opens Britons up to other forms of support such as a free TV licence for over 75s, housing cost assistance, and council tax discounts.
Eligibility for these additional forms of support could be impacted by a rising state pension age.
