Rishi Sunak announces pensioners to get £300 payment
Rishi Sunak has unveiled a wide package of support measures designed to help during the cost of living crisis. Pensioner households will be able to secure a payment to support them in this difficult time.
Mr Sunak acknowledged several vulnerable groups who will be most impacted during a time of inflationary pressures.
Older people in many cases have limited incomes, and therefore may struggle, especially if they are in the house for longer periods of time.
It may therefore be impossible to turn off the heating, and payments could be more difficult to manage.
Mr Sunak told the Commons: “Many pensioners are disproportionately impacted by higher energy costs.
READ MORE: State pension payments may rise by 10 percent next year
Steven Cameron, Pensions Director at Aegon, said: “Those receiving state pensions will be relieved to hear the Chancellor announce new targeted support measures to help them with the cost of living squeeze this winter.
“The Government states low income pensioner households could receive a total of £1500 in additional one-off support payments this year.
“Of this, £650 will be paid to those receiving Pension Credit, so it becomes more important than ever that those eligible for this benefit make sure they claim it.
“If not receiving Pension Credit, the additional support adds up to £850.”
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