Pensioners: Finance

(asked on 9th December 2021) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the (a) potential viability of providing additional financial support to pensioners during winter 2021-22 and (b) impact of additional support on the financial wellbeing of pensioners in Barnsley Metropolitan.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 14th December 2021

The State Pension is the foundation of support for older people. Under this Government, the full yearly amount of the basic State Pension is now over £2,050 higher in cash terms than in 2010.

Around 1.4 million eligible pensioners across Great Britain receive some £5 billion in Pension Credit which tops up their retirement income and is a passport to other financial help such as support with housing costs, council tax, heating bills and a free TV licence for those over 75.

We recognise that some people may still require extra support over the winter, which is why vulnerable households across the country can now access an additional £500 million support fund to help them with essentials. The Household Support Fund will provide £421 million to help vulnerable people in England with the cost of food, utilities and wider essentials. Up to 50% of the Fund is available for councils to spend on households without children, including those of State Pension age. Barnsley local authority has been allocated £2,351,263.96. The Barnett Formula will apply in the usual way, with the devolved administrations receiving almost £80 million.

In addition, Winter Fuel Payments will continue to be payable to customers of State Pension age. We will pay £200 to households with a customer aged between 66 and 79 and £300 to a household with someone aged 80 or over. We pay over 11m Winter Fuel Payments annually at a cost of £2bn which is a significant contribution to winter fuel bills.

Cold Weather Payments help vulnerable people in receipt of certain income-related benefits to meet additional heating costs, during periods of unseasonably cold weather between 1 November and 31 March. This includes older people in receipt of Pension Credit. Those eligible will continue to automatically receive £25 when the average temperature has been recorded as, or is forecast to be, 0°C or below over seven consecutive days.

The Warm Home Discount Scheme provides those in receipt of Pension Credit guarantee credit a discount of £140 on their energy bill providing their supplier is part of the scheme.

Furthermore, the Government continues to protect benefits for older people including free eye tests, NHS prescriptions and bus passes.

The latest statistics show that in the three years to 2019/20, absolute poverty for pensioners in Yorkshire and the Humber, after housing costs, had reduced significantly.

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