Discover How State Pensioners Can Save Up to £217 a Week with New Benefits

If you are on state pension, you could be missing out on some really cool freebies and savings. Looking through these seven benefits, you can save as much as £217 per week. Here is a simple guide on what you might be entitled to and how to claim the benefit.

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If you receive a state pension, there might be some fabulous ways to save money or get extra help. According to new advice, seven different benefits and discounts could come in at £217 a week for people. That is worth about £11,352 a year. Let’s take a look at what exactly these are and how you can make the most of them.

Bonus Benefit Boost – Up to £108.55 a Week

Millions who have reached state pension age could be due an additional benefit worth as much as £5,644.60 yearly, payable because of some types of disabilities. It is referred to as the disability premium. You may get this if you have a physical or mental disability or in cases where you need help with daily activities or safety.

Pension Credit is split into two parts: the basic state guarantee and the savings credit. One may get the basic state guarantee part if their income is less than a certain threshold. The savings credit part is available if one has savings or a second pension, or if the individual reached the state pension age before April 6, 2016.

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Pension Credit can also give you extra money if you are a carer, severely disabled, or responsible for a child or young person. Apply online, by phone, or using a paper form. And remember, Pension Credit may be backdated by up to three months if you were entitled at any time during that period.

National Insurance Savings – £26.81 a Week

You do not pay any of the following National Insurance contributions when you reach state pension age. You don’t pay Class 1 National Insurance as an employee. You don’t pay Class 4 National Insurance as a self-employed person. In February, the Chancellor reduced National Insurance contributions, which some consider may provide a route to further reductions or even abolish this tax in the future.

Free Prescriptions – £2.28 a Week

Provided you are over 60, the NHS will give you free prescriptions. This is worth £119 a year. If you are under 60, you can purchase a prepayment certificate for prescriptions. When you reach 60, you also receive a free sight test from the NHS. Just inform your optician when you reach this age.

Free Bus Pass – £2.46 a Week

When you reach state pension age in England, you become entitled to a free bus pass. According to the scheme, one can travel during specific hours—for example, between 09:30 and 23:59—free of charge. In the West Midlands, you can travel with your pass on buses at any time from 09:30 to 23:59. Off-peak times are when you can travel for free using your pass. If you must travel before 09:30 am, then there is the facility of a £1.50 single fare when using National Express West Midlands buses.

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Reduced Rail Fare – £2.73 a Week

The Senior Railcard gives a third off all train fares throughout Great Britain. The railcard itself costs just £30 a year, easily recouped when one or two journeys are taken. There’s also a three-year Railcard available for £70 that will save you even more money compared to buying three separate one-year cards.

These benefits can really make a great deal of difference to one’s weekly budget. It would pay to check which ones you might be eligible for and be sure you apply for them. Not only could you save your pocket, but also get that extra support due to you really.

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