State pensioners who are single can get free £227 payment every week
State pensioners who live alone and are single could be handed payments worth HUNDREDS from the Department for Work and Pensions ( DWP ). Single pensioners with a total weekly income of less than £227 or £346 for couples could be entitled to Pension Credit.
DWP has also confirmed the minimum guarantee for Pension Credit - the minimum amount that someone on Pension Credit will receive - increased on April 7 as part of the annual benefits uprating exercise.
This means that eligible single pensioners will see a rise from £218.15 to £227.10 each week while couples will see an increase from £332.95 to £346.60. DWP also confirmed that Pension Credit is now worth on average £4,300 a year.
READ MORE: UK households who have toilet roll in bathroom urged to make 'simple' change
READ MORE: Barclays issues 'red flag' alert and urges 'anyone' who's a customer to act
READ MORE UK faces 34C heatwave 'for first time in 10 months' with exact date announced
Single pensioners with a total weekly income of less than £227.10, or £346.60 for couples (combined total), could be entitled to Pension Credit.
The DWP recently confirmed that nearly 78 per cent of all new claims for Pension Credit are processed - from initial application to award decision letter - within the target timeframe of 50 working days. This means older people on a low income making a new claim this month, especially those living on their own, could receive their first payment and any arrears by mid-June.
Pension Credit is the most under-claimed benefit and is specifically aimed at providing additional financial support for older people on a low income - singles and couples.
Nearly 1.4 million older people across Great Britain, including more than 125,000 living in Scotland, are currently receiving the means-tested benefit that could provide an average of £4,300 in extra support during them2025/26 financial year.
Some older people think because they have savings or own their home they would not be eligible for the means-tested benefit, however, an award of just £1 per week is enough to unlock other support. Below is everything you need to know about the benefit.
When you apply for Pension Credit your income is calculated. If you have a partner, your income is calculated together.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Barclays Just Cut 200 Bankers--Here's Why Investors Are Cheering
Barclays (NYSE:BCS) is shaking up its investment bankagain. Over 200 roles are on the chopping block, mostly at the managing director level, as the firm sharpens its focus on higher-return business lines. While the headlines say cuts, the subtext is reallocation: Barclays is redirecting capital toward areas where it believes it can punch harderthink M&A, equity capital markets, and sectors like tech, health care, and energy transition. This isn't a retreat from its full-service model. Insiders suggest it's about shedding lower-yield headcount to go heavier in places with more upside. Warning! GuruFocus has detected 6 Warning Sign with BCS. The move fits squarely into CEO C.S. Venkatakrishnan's longer-term playbook. Last year, he laid out a plan to strip 2 billion in costs by 2026 and hand back 10 billion to shareholders. The investment bankstill Barclays' biggest revenue engine at 11.8 billion in 2024is being told to do more with the same capital base. That means no fresh risk-weighted assets from the parent, despite higher regulatory buffers. Instead, Barclays is betting on talent upgrades: recently tapping ex-Centerview dealmaker Andrew Woeber to lead M&A and poaching RBC's John Kolz to co-run equity capital markets. And so far? The early signals look promising. The firm has started inching back into bigger league tables, landing mandates on high-profile deals like Alphabet's (NASDAQ:GOOG) $32 billion acquisition of Wiz and Sunoco's $9.1 billion buyout of Parkland. In markets, Q1 revenues popped 16%stock trading notched its best quarter in nearly three years. Barclays shares have climbed 24% year-to-date, handily beating the FTSE 100's 8% gain. Investors could be warming up to Venkat's bet: cut costs, reload talent, and go leaner but meaner into the next earnings cycle. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Consumer spending slows to lowest growth of the year amid falling confidence
Consumers slowed their spending to the lowest growth of the year in May amid falling confidence, figures show. Sales of fashion and full-price big ticket items were held back by faltering consumer confidence, although gaming bucked the trend due to popular new releases, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor. Total retail sales across the UK were up by 1% year-on-year in May, against growth of 0.7% a year ago, driven by food sales increasing by 3.6% on the back of football tournaments and two bank holidays, prompting spending on BBQs and picnics. Non-food sales were down 1.1% year-on-year in May. BRC chief executive Helen Dickinson said: 'Consumers put the brakes on spending, with the slowest growth in 2025 so far. 'Retailers are grappling with the £5 billion in extra costs from higher National Insurance contributions and wages, which kicked in during April. They also face an additional £2 billion later this year from new packaging taxes and remain concerned about the consequences of the Employment Rights Bill. 'Ensuring the new Bill supports workers' rights without undermining retailers' ability to continue to provide jobs and investment in people will determine whether Government achieves economic growth across the country or not.' Linda Ellett, UK head of retail and leisure consumer markets at KPMG, said: 'While the sunshine continued, the pace of retail sales growth didn't in May. 'Early seasonal purchases were likely a factor, as was a dampening of some spending appetite as households reflected upon the recent combination of essential bill rises. But May still saw slight growth, driven mainly by food and drink, with non-food purchases falling overall.' Separate figures from Barclays also show consumer card spending grew just 1% year-on-year in May, down from April's 4.5%. The bank said May's two Bank Holidays encouraged discretionary spending, although this was offset by wet weather in the second half of the month, and by consumers cutting back amid falling confidence in personal finances. Spending in pharmacies and on health and beauty recorded the highest growth in May – up 12% – linked to the UK's sunniest spring on record and a surge in NHS website visits for hay fever advice. Airline spending jumped by 9.7% as consumers made summer plans, while garden centres saw a 7.2% increase. Karen Johnson, head of retail at Barclays, said: 'Consumers are clearly becoming more value-conscious as financial pressures persist, but they're still finding joy in the everyday – whether that's a small treat, a cinema trip, a garden project, or a carefully planned getaway. 'The double Bank Holidays in May and record sunshine will have given non-essential spending a helpful boost, but this was largely outweighed by the rainy weather in the second half of the month, while longer-term uncertainty continues to shape how and where people choose to spend.'
Yahoo
4 hours ago
- Yahoo
Consumer spending slows to lowest growth of the year amid falling confidence
Consumers slowed their spending to the lowest growth of the year in May amid falling confidence, figures show. Sales of fashion and full-price big ticket items were held back by faltering consumer confidence, although gaming bucked the trend due to popular new releases, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor. Total retail sales across the UK were up by 1% year-on-year in May, against growth of 0.7% a year ago, driven by food sales increasing by 3.6% on the back of football tournaments and two bank holidays, prompting spending on BBQs and picnics. Non-food sales were down 1.1% year-on-year in May. BRC chief executive Helen Dickinson said: 'Consumers put the brakes on spending, with the slowest growth in 2025 so far. 'Retailers are grappling with the £5 billion in extra costs from higher National Insurance contributions and wages, which kicked in during April. They also face an additional £2 billion later this year from new packaging taxes and remain concerned about the consequences of the Employment Rights Bill. 'Ensuring the new Bill supports workers' rights without undermining retailers' ability to continue to provide jobs and investment in people will determine whether Government achieves economic growth across the country or not.' Linda Ellett, UK head of retail and leisure consumer markets at KPMG, said: 'While the sunshine continued, the pace of retail sales growth didn't in May. 'Early seasonal purchases were likely a factor, as was a dampening of some spending appetite as households reflected upon the recent combination of essential bill rises. But May still saw slight growth, driven mainly by food and drink, with non-food purchases falling overall.' Separate figures from Barclays also show consumer card spending grew just 1% year-on-year in May, down from April's 4.5%. The bank said May's two Bank Holidays encouraged discretionary spending, although this was offset by wet weather in the second half of the month, and by consumers cutting back amid falling confidence in personal finances. Spending in pharmacies and on health and beauty recorded the highest growth in May – up 12% – linked to the UK's sunniest spring on record and a surge in NHS website visits for hay fever advice. Airline spending jumped by 9.7% as consumers made summer plans, while garden centres saw a 7.2% increase. Karen Johnson, head of retail at Barclays, said: 'Consumers are clearly becoming more value-conscious as financial pressures persist, but they're still finding joy in the everyday – whether that's a small treat, a cinema trip, a garden project, or a carefully planned getaway. 'The double Bank Holidays in May and record sunshine will have given non-essential spending a helpful boost, but this was largely outweighed by the rainy weather in the second half of the month, while longer-term uncertainty continues to shape how and where people choose to spend.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data