State pension latest news: Coronavirus lockdown risks plunging pensioners into poverty | Personal Finance | Finance

Those currently subsisting on the state pension could be in financial trouble soon due to the nationwide lockdown, claimed the National Pensioners Convention. General Secretary Jan Shortt spoke to about why the Government fund was wholly “inadequate”. She noted that this had become even more apparent during the coronavirus crisis.

Ms Shortt continued: “If you’re a pensioner like my mum who is 94 and can’t go out the house, you’re at risk of sliding into poverty.

“I think it’s remiss of the Government to think that £129 a week, which is the pension that my age group is on, is in any way adequate.

“To make it seem adequate, the Government feels it’s necessary to give entitlements, like the free TV licence for over 75s.

“It’s cheaper for them to give people universal entitlements.”

Ms Shortt continued: “There are countries in the same economic situation as us where the average percentage will be in the 60s.

“In some countries, like Germany, it’s as high as 90 to 95 percent replacement.

“So it’s always been inadequate and this situation just makes it even more.”

On the basic state pension, the most you can currently get is £134.25 per week.

You can claim the basic state pension if you’re a man born before 6 April 1951 or a woman born before 6 April 1953.

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