Pension credit applications soar but approvals remain low

By Yahoo! Finance   |   1 year ago
Pension credit applications soar but approvals remain low

Pension credit claims have surged by 150% after the announcement of means testing for winter fuel payments. Despite 150,000 applications, only 42,500 were approved, with refusals doubling. The government urges eligible pensioners to apply before December 21 for backdated payments.

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