PARLIAMENTARY WRITTEN QUESTION
Pension Credit (3 September 2024)
Question Asked
Asked by:
Mel Stride (Conservative)
Answer
The Government estimates that linking entitlement to receipt of Pension Credit and other relevant DWP income-related benefits will reduce expenditure by around £1.4 billion in 2024/25 and £1.5 billion in 2025/26, based on the assumption of a 5% increase of Pension Credit take-up.
Winter Fuel Payments are classified as Annual Managed Expenditure (AME). The estimated savings are sensitive to forecasted take up of Pension Credit. The final savings will be certified and published by the Office for Budget responsibility at the Autumn Budget on the 30th October, taking account of any behavioural response.
With regards to the associated passported benefits in this financial year and each of the next four financial years, the DWP does not hold this information.
Answered by:
Emma Reynolds (Labour)
9 September 2024
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