DWP pension warning issued as new update shows you could be missing out on 218 a week | Personal Finance | Finance [Video]

Martin Lewis shares advice on pension credit payments

The Department for Work and Pensions has issued a warning that thousands could be missing out on more than £500 a month.

The DWP issued a warning that many could be missing out on Pension Credit, a non-taxable benefit for people past the State Pension age.

The credit tops up pensioners’ weekly income to a maximum of £218.15 for singles, rising to £332.95 for couples.

Nearly 1.4 million pensioners are currently claiming the benefit which helps with heating bills and housing costs.

According to the Office for Budget Responsibility 880,000 pensioners are eligible for the credit but are missing out on the passport benefit that provides an average £3,900 a year.

The State Pension rose in April. (Image: Getty)

The State Pension rose in April which led the DWP to release an advisory directing pensioners to access the benefit.

The advisory said: “With pension credit you could get additional financial help, plus other support including …