The state pension is something many retired people in the UK claim. The sum of money that each pension is entitled to will vary, and unlike other types of pension, it comes directly from the government. However, a change to the state pension credit rule was recently unveiled. And, this could lead to some Britons being £7,000 per year worse off.
New rules on state pension credit for couples will come into effect on May 15, 2019
So, who will be affected by the change, and when will it be implemented?
Couples who are of different ages are set to be hit by the upcoming change.
Once implemented, couples eligible for pension credit will only be able to claim the fund once the youngest of the two reach the state pension age.
And, while this may not dramatically affect partners who are of a similar age, those who do have a difference in age could end up without a significant portion of the money they were expecting.
The change will come into effect on May 15, 2019.
So, following this date, what are the criteria a couple must meet in order to get pension credit?
State pension UK: Some couples could end up worse off under new pension credit rules (Image: GETTY)
According to gov.uk, both you and your partner