Martin Lewis, a well-known financial expert, recently shared a warning with Chancellor Rachel Reeves regarding pension credit just before the upcoming UK budget. The Martin Lewis Money Saving Show, which aired on Tuesday (29 October), featured a question about winter fuel payment from a woman who had recently lost her husband. She was curious about her eligibility for pension credit following her husband’s passing.
During the show, Mr. Lewis explained that individuals must have an income below £11,400 to qualify for pension credit. He emphasized that pension credit is often underclaimed due to its strict means test. In light of this, he expressed his hope that Chancellor Reeves would join him on a budget special episode of his show to discuss this important issue.
Mr. Lewis’s concern stems from the fact that many individuals who are eligible for pension credit are not receiving it, potentially missing out on vital financial support. By raising awareness about this issue, he aims to encourage more people to check their eligibility and claim the benefits they are entitled to.
In addition to discussing pension credit, Mr. Lewis plans to address the topic of winter fuel payment during the budget special episode. He emphasized the importance of this discussion and urged Chancellor Reeves to participate in the conversation. By engaging with these issues on a public platform, Mr. Lewis hopes to shed light on the challenges faced by individuals who may be struggling to access essential financial support.
As the budget approaches, it is crucial for policymakers to consider the impact of their decisions on vulnerable individuals and ensure that support systems such as pension credit are accessible to those who need them most. By working together to address these issues, we can create a more inclusive and supportive financial environment for all members of society.
