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The government has announced that mixed aged couples will no longer be able to put in a new claim for Pension Credit, resulting in families being up to £7,000 worse off per year.
Currently, a 'mixed age' couple is eligible to claim the credit so long as one of them is over pension age. They can expect up to £13,273 a year with pension credit – around £255 per week.
Ben Davies, assistant tax manager at Pierce said: “It’s not at all unusual for couples to have an age gap, so this change is set to affect many people.
“We want to ensure that the people affected know about this ruling so they can fully prepare for their changes in income.” For more information about pensions, please contact Pierce on 01254 688 100 or visit www.pierce.co.uk
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