Free TV Licence Opportunity for Pensioners Before Annual Price Rise
Eligible state pensioners have the chance to secure a free TV Licence worth over £174 annually, as nearly half a million seniors currently miss out on this benefit due to non-claiming. This opportunity comes ahead of the expected licence fee increase in April, which could see costs rise to over £181 based on recent inflation figures.
Pension Credit as the Key to Free Access
Individuals aged 75 and over can qualify for a free TV Licence through Pension Credit, a means-tested benefit designed to top up income for lower-income pensioners. However, this benefit remains significantly underclaimed, with approximately 470,000 eligible pensioners failing to apply. Many avoid claiming due to misconceptions about the value or complexity of the process, despite experts emphasising that even small amounts can unlock additional benefits like the free licence.
The Claiming Process and Current Costs
It is crucial to note that the free TV Licence does not happen automatically; eligible individuals must actively apply for it. The current annual cost for a standard colour TV Licence stands at £174.50, with the fee typically increasing each April in line with the previous September's Consumer Price Index (CPI) inflation rate. With inflation confirmed at 3.8% in September, the new cost could exceed £181, though the exact increase awaits government confirmation.
Expert Insights on Underclaiming
According to Money Saving Expert, founded by BBC and ITV star Martin Lewis, an estimated 760,000 people out of 2.2 million eligible for Pension Credit do not claim it, often because they are unaware of their entitlement. The site highlights that Pension Credit serves as a vital income top-up for those over state pension age and specifically notes that claiming it grants access to a free TV Licence each year, an exception since most over-75s lost automatic free licences in 2020.
In summary, pensioners are urged to check their eligibility for Pension Credit to secure a free TV Licence, avoiding the impending fee hike and accessing valuable financial support.
