Pension Credit past halfway target mark

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The number of households receiving Pension Credit in April hit 2.45 million in April, which means the Department of Work and Pensions is now more than halfway towards its target of 4 million households.

Nearly three million people are now receiving an average of £41.67 per week the department says, adding that just more than 2 million people are receiving more than they would have under the previous Minimum Income Guarantee regime. Pension Credit guarantees everyone aged 60 and over an income of at least £105.45 for single people and £160.95 for couples, the department adds. IFAonline

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