So long as a claimant is eligible, they ll receive a monthly payment between £23.60 and £151.40 per week.
These payments will be split into two elements, a daily living part and a mobility part, with the claimant s condition severity determining if they ll get income from both.
Where claimants qualify for the daily living part, they ll receive either £59.70 or £89.15 per week.
Recipients of mobility payments will get £23.60 or £62.25 a week.
PIP claimants may be eligible for council tax reductions (Image: GETTY)
On top of this, claimants of PIP may also be able to get money off their council tax bills.
According to Citizens Advice, the exact reduction will vary from person to person but local councils can provide additional information.
Pension credit can be claimed up to four months before reaching state pension age, which is currently 66.
Claims for pension credit can be made at any time after reaching state pension age but they can only be backdated by up to three months.
This could mean a claimant may receive up to three months worth of payments in their initial payment.
To claim, a person will need the following ready:
Their National Insurance number
Their bank account details, if they re applying by phone or post.
Do you have a money dilemma which you d like a financial expert s opinion on? If you would like to ask one of our finance experts a question, please email your query to personal.finance@reachplc.com.
| UPDATED: 15:16, Sat, Feb 27, 2021
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The Child Trust Fund scheme was first introduced by the Government in 2005 as a long-term tax-free savings solution. The programme was made available to help children born between September 1, 2002 and January 2, 2011 - many of whom will now be teenagers. A Child Trust Fund saw the Government provide parents and guardians with vouchers which they were then able to put towards their child’s future, whatever goal they ultimately had in mind.
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Personal Independence Payment - the daily living component
Disability Living Allowance - the middle or highest care rate
Attendance Allowance
Constant Attendance Allowance at the basic (full day) rate with a War Disablement Pension
Armed Forces Independence Payment
Carer s allowance has had to adapt to lockdown rules (Image: GETTY)
As the pandemic rolled on, the Government was forced to adapt the carer s allowance to update what constituted caring for someone.
As such, people may now be eligible for carer s allowance if they are affected by coronavirus and must provide care remotely over the phone or online.
According to recent reports, Boris Johnson is set to reveal the Government’s lockdown exit strategy on Monday and senior sources detailed restrictions may be eased from April 2.