Pension Credit is a vital means-tested benefit designed to top up the income of low-income pensioners, guaranteeing a minimum income and offering additional support.

While it is intended to help those most in need, costing the government approximately £6 Billion annually, the system is failing a huge number of eligible individuals. It is estimated that around 850,000 eligible pensioners are not claiming it, leaving over £2 Billion unclaimed each year.

To create a simpler and more efficient system, it is proposed to:

Remove Savings Credit, which applies to those with modest savings and a second pension, as this adds unnecessary complexity.

Abolish other credits by moving them into a single, unified Universal Credit system. This will eliminate double-counting and streamline the entire process.

Verify Carer Payments: Ensure that any payment allowance for carers is actually received and accounted for by the recipient.