Hundreds of thousands of older people across the UK are missing out on a significant annual saving by not claiming a free television licence, new analysis reveals.
Massive Underclaim of a Key Benefit
It is estimated that around 470,000 state pensioners aged 75 and over are currently eligible for a TV Licence costing them nothing, yet they continue to pay the full fee. The central reason for this widespread underclaim is linked to the low uptake of Pension Credit, a benefit designed to top up the income of poorer pensioners.
Experts highlight that many people believe the application process is too complex or assume the extra income from Pension Credit would be minimal. However, even a small award of Pension Credit acts as a gateway to other crucial support, including the free TV Licence worth over £180 per year.
How to Qualify for the Free Licence
Since the universal free licence for over-75s was scrapped in 2020, the concession is now primarily available to those who receive Pension Credit. This benefit consists of two parts – Guarantee Credit and Savings Credit – and applicants may qualify for one or both.
It is vital to note that the free TV Licence does not start automatically. Eligible individuals aged 75 or over must apply directly to TV Licensing, providing proof of their Pension Credit entitlement.
With the standard colour TV Licence fee set to rise above £180 in the new year, the potential saving is substantial for those on a fixed income. Money Saving Expert has previously stated that an estimated 760,000 people who are eligible for Pension Credit do not claim it, often because they are unaware they might be entitled.
Act Now to Secure Your Saving
The message from consumer champions and support groups is clear: checking your eligibility for Pension Credit is a critical step. It is not just about a small weekly top-up to your pension; it is a key that unlocks other essential financial support.
If you or someone you know is over state pension age and on a low income, investigating a Pension Credit claim could lead to important benefits, including relieving the annual burden of the TV Licence fee. With nearly half a million pensioners currently missing out, ensuring you are not one of them is more important than ever.
