Savings

Millions of people are missing out on watching TV for free.


Check now! Around 1.75 million households could save £170 a year with a free TV license using this little-known rule.

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In the UK, anyone who tunes into live television, including popular channels such as the BBC, ITV, and Sky, must purchase a TV licence.

(If you don’t, you can. Terminate your TV license as well).

For most, this means paying £169.50 a year for color TV.

However, there is a significant benefit for over-75s who are on Pension Credit – they are eligible for a free TV licence, potentially saving £170 per year.

Millions in unclaimed benefits

Shockingly, more than £249 million of free TV licenses go unclaimed each year, as reported by Policy In Practice.

This missed opportunity affects more than a million pensioners who could benefit from the rule but have yet to apply.

Why is this important to you?

Although the main readers here, you my friends, are usually very young, you may be wondering why we’re even mentioning this.

The information is for the older generation, but it is also important for younger people.

Understanding and sharing this can help ensure that your parent or grandparent does not miss out on the benefits they are entitled to.

It’s about looking out for each other and making sure everyone gets the help they need.

Also, remember that it can happen even when we are old enough to claim it! Or, it might not be…

The pension credit issue

One of the reasons more people don’t claim this free license is because they don’t claim Pension Credit themselves.

Eligibility for a free TV license is linked to receiving pension credit, but as of last year, around 1.5 million older adults eligible for the credit had not claimed it.

The group not only misses out on free TV licences, but additional financial support of up to £2,677 a year.

Who is eligible for Pension Credit?

Pension Credit is for state pension retirees over the age of 66 who live in England, Scotland, or Wales.

It is designed for people whose weekly income is less than £218.15 for singles and £332.95 for couples.

This credit takes into account most pensions and benefits but excludes things like attendance allowance and personal independence payment (PIP).

How much can you charge?

Pension Credit comes in two parts: Guarantee Credit and Savings Credit.

Guarantee Credit ensures a minimum weekly income of £218.15 for singles and £332.95 for couples.

Savings Credit adds a little extra for those who have saved for retirement, up to £17.01 weekly for singles and £19.04 for couples.

Applying is easy.

Claims for pension credit can be made up to four months before reaching state pension age.

You can apply online or by phone, and it’s possible to backdate your claim up to three months.

With substantial amounts left unclaimed each year, checking eligibility for Pension Credit and a free TV license is a small step that can lead to significant savings for eligible seniors.

It’s not just about saving money; It’s about making sure the benefits designed to help our seniors are taken full advantage of.

So, take some time to discuss it with the elderly family members. This is a conversation that can lead to substantial savings!

Naomi WillisNaomi Willis
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