The government recently revealed the extra monies being paid to state pensioners thanks to the triple lock. Millions of state pensioners will notice a boost in their weekly payments this month. However, those who receive Pension Credit will also notice a difference. The Department for Work and Pensions (DWP) has said Pension Credit is increasing by 4.8% and is worth an average of £4,300 a year, unlocking further support, including help with housing costs, council tax and free television licenses.

The increase to Pension Credit, as well as the wider changes to the State Pension, take effect from tomorrow, Monday, April 6. This means that the Standard Minimum Guarantee in Pension Credit rises to £238 a week for a single pensioner and £363.25 a week for a couple. Work and Pensions Secretary Pat McFadden said: “I know global shocks, and the effects they have on our living costs, will be increasing anxiety for many households. This government will always protect our pensioners, and that’s why we are raising the full rate of new State Pension by up to £575 this coming year.”

It is a means-tested payment, which means you may or may not be eligible, based on your income. The increase to £238 is a jump from £227.10, marking an increase of £10.90 per week.

This change applies to the Standard Minimum Guarantee. However, there is also the severe disability extra payment, increasing from £82.90 to £86.05 for singles and £165.80 to £172.10 for couples who both qualify.

The additional amount for a carer is increasing from £46.40 to £48.15.

You shouldn’t assume that you are entitled to Pension Credit, as it is means-tested. if you have a partner, you must include them on your application.

You can qualify for the Minimum Guarantee Pension Credit if:

• You and your partner have both reached State Pension age
• One of you is getting Housing Benefit for people over State Pension age

Your income is calculated when you apply for Pension Credit. Income can include:

• State Pension
• Other pensions
• Earnings from employment and self-employment
• Most social security benefits, for example, Carer’s Allowance

However, things like Child Benefit and Adult Disability Allowance do not count as income.

Pension Credit tops up your weekly income to £227.10 if you’re single, or your joint weekly income to £346.60 if you have a partner.

Additionally, if you have £10,000 or less in savings and investments, this will not affect your Pension Credit. If you have more than £10,000, every £500 over £10,000 counts as £1 income a week.