The Age Affects Your Entitlement to Certain Benefits, But Not Others

Key Highlights :

1. Some benefits will stop once you reach state pension age, while others will not.

2. State Pension is the money you are entitled to after retirement, whereas Pension Credit is a top-up.

3. Once you reach that age, your ability to claim the following is affected: Universal Credit Jobseeker's Allowance (JSA) Income-based Jobseeker’s Allowance Contributory/New Style Employment and Support Allowance (ESA) Income Support Income-related Employment and Support Allowance (ESA) Bereavement Support Payment Widowed Parent’s Allowance.

4. Which benefits are not impacted by state pension age being reached? They are: Guardian’s Allowance Carer’s Allowance - but you might not get the full amount, depending on your state pension income Child Benefit Statutory Sick Pay (SSP)

     The Department of Work and Pensions (DWP) has confirmed that some benefits can no longer be claimed once you reach state pension or pension credit age. This means that those born on or after April 1960 between 2026 and 2028 will face an increase in the eligible retirement age to 67. In addition, the pension age is expected to rise again to 68 between 2044 and 2046, resulting in significant financial implications for national finances.

     As a result, it is important to understand which benefits you may be eligible for, or no longer eligible for, once you reach state pension or pension credit age. This article will explain which benefits you may lose out on and which ones are not affected by this change.

     What Benefits Could I Lose Out On at State Pension or Pension Credit Age?

     Once you reach state pension or pension credit age, the following benefits can no longer be claimed: Universal Credit, Jobseeker's Allowance (JSA), Income-based Jobseeker’s Allowance, Contributory/New Style Employment and Support Allowance (ESA), Income Support, Income-related Employment and Support Allowance (ESA), Bereavement Support Payment, Widowed Parent’s Allowance.

     Which Benefits Are Not Affected by State Pension or Pension Credit Age?

     Fortunately, there are several benefits that are not impacted by state pension age being reached. These include: Guardian’s Allowance, Carer’s Allowance, Child Benefit, Statutory Sick Pay (SSP), Child Tax Credit, Support for Mortgage Interest, Pension Credit, Help with Health Costs, Cold Weather Payment, Winter Fuel Payment, Warm Home Discount Scheme, Council Tax Support, Housing Benefit and Working Tax Credit.

     In circumstances where you meet the benefit-specific income threshold, you can still claim these benefits. However, you cannot make new claims for Child Tax Credit and Working Tax Credit.

     Turn2Us is an excellent resource for those looking for information on benefits when they reach state pension age.

     Conclusion

     Reaching state pension or pension credit age can have a significant impact on your ability to claim certain benefits. However, it is important to note that there are some benefits that are not affected by this change. It is worth researching the benefits you may be eligible for, or no longer eligible for, when you reach this age, as it could have a major impact on your finances.

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