Pensioners: Cost of Living

(asked on 19th July 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what recent steps his Department has taken to help support pensioners with increases in the cost of living.


Answered by
Laura Trott Portrait
Laura Trott
Chief Secretary to the Treasury
This question was answered on 4th September 2023

The Government understands the pressures people are facing with the cost of living which is why we are providing total support of over £94bn over 2022/23 and 2023/24 to help households and individuals with their rising bills.

From April 2023, State Pensions, including the Pension Credit Standard Minimum Guarantee, were increased by 10.1%, in line with prices in the year to September 2022.

Over 8 million UK households on eligible means tested benefits, including the 1.4 million pensioners currently in receipt of Pension Credit, will receive additional Cost of Living Payments totalling up to £900 in the 2023/24 financial year.

In addition, over 8 million pensioner households will receive a £300 pensioner Cost of Living Payment as a top up to their winter fuel payment later this year increasing payments to £500 for households with someone aged 66-79 and £600 for households with someone aged 80 and over.

Specific statistics relating to the pensioner Cost of Living Payments are not available. However, the latest available winter fuel payment statistics (2021/22) show that 14,271 customers in Bexleyheath and Crayford received a winter fuel payment. We expect a similar number of customers will receive the pensioner Cost of Living Payment in 2022/23 and 2023/24.

Pension Credit provides vital financial support to pensioners on a low income and we want all eligible pensioners to claim it. That is why we have been running a comprehensive communications campaign since April 2022. Earlier this year we boosted our campaign with extensive television adverts which highlighted that Pension Credit is worth £3,500 a year on average. Most recently on 17 July we launched a new and innovative Pension Credit “Invitation to Claim” trial which will involve DWP sending letters to approximately 2,500 pensioner households in 10 Local Authorities across Great Britain identified via Housing Benefit data as being most likely to be entitled to Pension Credit encouraging them to contact DWP and make a claim.

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