Pensioners: Repossession Orders

(asked on 22nd June 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential impact of the level of (a) the state pension and (b) pension credit on the number of pensioners whose home has been repossessed in each of the last five years.


Answered by
Laura Trott Portrait
Laura Trott
Chief Secretary to the Treasury
This question was answered on 27th June 2023

The Government does not hold this information. The Government is committed to supporting our pensioners and the State Pension is the foundation of support for people in retirement. In 2021/22 there were 200 thousand fewer pensioners in absolute poverty (after housing costs) than in 2009/10.

In April, the State Pension saw its biggest ever cash increase - rising by 10.1%. The full yearly amount of the basic State Pension will be over £3,050 higher in cash terms than in 2010 That is £790 more than if it had been uprated by Prices, and £945 more than if it had been uprated by earnings since 2010.

The Standard Minimum Guarantee in Pension Credit has also increased by 10.1% from April 2023. It extends CPI protection to those who rely on the Standard Minimum Guarantee in Pension Credit at a cost of £700 million above the statutory minimum requirement. The same percentage increase will apply to the threshold for access to the Savings Credit for those who reached State Pension age before April 2016.

Pensioners with a low income may qualify for help with their rent and council tax, and if receiving Pension Credit, other housing costs such as ground rent and certain service charges.

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