UK Government Raises Winter Fuel Payment Eligibility Threshold to ยฃ35,000
Chancellor Rachel Reeves has announced that pensioners with annual incomes of ยฃ35,000 or less will receive winter fuel payments, marking a significant shift from the previous policy, which restricted payments to only the lowest-income pensioners. The government will restore automatic payments as a universal benefit this winter, then recover funds from higher-income pensioners through their tax returns. This approach mirrors the system previously used by former Conservative Chancellor George Osborne for reducing child benefits. The policy adjustment means approximately 7.5 million pensioners in England and Wales will receive payments of up to ยฃ300 this winter, compared to the 1.5 million who were eligible under the previous restricted system. Following this change, 9 million pensioners will benefit this winter, up from the initial reduction that saw eligibility drop from 11.4 million to 1.5 million. The original decision to limit winter fuel […]