Pension Credit: Labour urged to overhaul crucial DWP benefit claimed by millions
The government was told that if it will effectively solve retirement poverty in the UK, it should make major changes for the retirement age demanded by millions of people.
The pension loan requested by 1.3 million people is designed to bring the funds of low -income retirees to a livable level. Under the current authority, plaintiffs will see that their income increases up to £ 227,10 a week.
But the benefit, the party cross -business and pensions committee warned him to make him more fair.
Although it is worth £ 4,000 per year, the retirement loan has advanced between 61 and 66 percent for ten years, but the estimated 700,000 households but does not claim.
A conception of retirement loan should also be considered for those who are currently “reduced the abyss edge effect ..
In accordance with the existing rules, some retirees just above the income thresholds may be worse than those with slightly lower income. The reason for this is that the retirement loan can make ‘passport’ for other benefits such as housing advantage, council tax support, hot home discount, free TV license and help in dental treatment.
In winter last year, it was also linked to winter fuel payment, which resulted in an extra 60,000 extra prizes. However, the committee report says, “There is still a long way,” he says.
In addition, the government called on an aging society to commit a government strategy throughout the England to better target and fight retirement poverty.
The number of relatively low -income retirees began to rise again in the 2010s, because the inter -party group reversed a decrease in the 2000s. This has become even worse with the cost of life in life, and 1.9 million retirees (16 percent) in relative poverty.
Debbie Abrahams, the chairman of the committee, said: “In order to increase revenues, the government needs to find a strategy to increase retirement loans.
Iyet Fairness of the thresholds, if you have a courier on the threshold, you also miss thousands of pounds, and the credit conformity criteria to be looked at.
“In the end, the government must decide what he thinks for an honorable retirement and then work to ensure that all retirees are at least at this level.
A Government spokesman said: “Supporting retirees is the greatest priority and thanks to our devotion to the triple lock, millions of state retirement increase will see this parliament with an increase of £ 1,900.
“But we know that tomorrow is a real risk that the retirees of tomorrow will be poorer than today, so we play the pension commission to combat obstacles that prevent too many people from saving.”
