Thousands of individuals born in 1950 could qualify for a complimentary TV licence starting this year. If you are 75 years or older and receive Pension Credit, you are eligible for a free TV licence, which now costs £174.50. Upon reaching 75, if you are on Pension Credit, you can request a refund for any remaining months on your TV licence after turning 75, provided you have at least one month left on the licence.
Possession of a TV licence is necessary for viewing or recording live TV, including content on BBC iPlayer. However, if you only watch catch-up shows on platforms like Netflix, Amazon Prime, or YouTube, a TV licence is not required. Watching live TV shows on these platforms would necessitate a TV licence, and failure to have one could result in fines of up to £1,000 or £2,000 in Guernsey.
It is estimated that approximately 800,000 eligible households overlook claiming Pension Credit each year, a benefit designed to enhance weekly income. The main component of Pension Credit, known as Guarantee Credit, tops up weekly income to £227.10 for singles and £346.60 for couples. Even if your income is slightly higher, you may still qualify for Pension Credit if you have a disability, are a carer, or incur housing costs.
Additional allowances under Pension Credit are available for carers, the severely disabled, or those responsible for children. Savings Credit, a part of Pension Credit for individuals reaching state pension age before April 2016, offers weekly amounts up to £17.30 for singles and £19.36 for couples.
Pension Credit also unlocks various financial aid, such as free dental treatment and vouchers for eyewear. The average yearly Pension Credit award exceeds £3,900. If you believe you are eligible, you can apply for Pension Credit through GOV.UK, by calling 0800 99 1234, or by completing a paper application form. Applications can be submitted up to four months before reaching state pension age.