There was a 116% increase in the number of people claiming pension credit in 2022/23.

There was a 116% increase in the number of people claiming pension credit in 2022/23.
With most pensioners paying tax, and more than half next year’s rise simply keeping pace with inflation, most pensioners will still be worse off overall in real terms if they...
The net cost of pension tax relief to the Treasury was £48.3 billion for 2021/22.
10 firms have now joined the Coalition to help support the launch of dashboards.
The proportion of those who pay income tax and are pulled into the higher and additional rates is likely to be even greater.
Payments could range from a few pounds to over £100,000.
The Winter Fuel Payment – worth up to £300 - is now set to be means-tested and delivered to those on Pension Credit.
The new errors affect people claiming the new state pension who were already widowed when they retired.
The new framework aims to shift the focus from costs to long term value.
Of the £83 billion taken in flexible payments since inception in 2015, 65% has been taken by those aged under 65.