"Rubbish" Really. - an estimated 130,000 pensioners miss out on Pension Credit because they are just £500 over the annual income threshold or £9.62 per week.
This means they would potentially be better off if they had a lower income but qualified for Pension Credit and the Winter Fuel Payment.
Winter Fuel Payment will be axed for millions of pensioners after MP vote
Plans to cut the Winter Fuel Payment will go ahead, after opposition MPs were overruled in a House of Commons vote today
Critics of the government’s decision have pointed out that Pension Credit often goes unclaimed, as many pensioners aren’t aware they qualify for the benefit and will miss out on much-needed energy support as a result.
What’s more, thousands of pensioners who just miss out on Pension Credit could fall off a financial cliff-edge when the Winter Fuel Payment is removed.
Research from data and analytics company Policy in Practice suggests an estimated 130,000 pensioners miss out on Pension Credit because they are just £500 over the annual income threshold, or £9.62 per week. This means they would potentially be better off if they had a lower income but qualified for Pension Credit and the Winter Fuel Payment.
The government has emphasised that this was not a decision it wanted to make, but Starmer told the BBC’s Laura Kuenssberg this weekend that he was “going to have to be unpopular” in order to “fix the foundations” of the UK economy. The cut is expected to save the government around £1.4 billion a year.
In the past, Labour has criticised previous governments that have looked at changing the rules around the Winter Fuel Payment. In 2017, the party suggested 3,850 elderly people could die as a result of a similar pledge made in Theresa May’s election manifesto.
https://moneyweek.com/personal-finance/will-labour-u-turn-on-winter-fuel-payment-cut