The TV license sets UK households back \u00a3174.50 a year, but state pensioners can slash that bill down to \u00a30 annually through the use of two legal methods.<\/p>\n
For pensioners over the age of 75, they can apply for Pension Credit if their income is lower than \u00a3227.10 per week – the rate of the new state pension.<\/p>\n
For anyone still on the old one (those who reached state pension age before 2016) will receive \u00a3174.50 per week.<\/p>\n
Read more: Barclays paying free \u00a3175 into bank accounts and ‘many eligible’<\/a><\/p>\n Additionally, those on Pension Credit and over the age of 75 can claim a free TV licence.<\/p>\n Brits also don’t need to pay for the TV licence if they don’t watch BBC<\/a> content, either live or on iPlayer.<\/p>\n They also cannot watch live content from ITV<\/a>, Channel 4<\/a>, Channel 5<\/a> and the others on streaming-based services either.<\/p>\n However, watching content on those streamers after the fact is completely okay, such as viewing shows like Coronation Street<\/a> or Hollyoaks on ITVX.<\/p>\n It comes as the BBC admitted they are looking at a reform for the TV licence, with its annual report flagging up concerns over stiff competition from streaming powerhouses like Netflix and a “jeopardy” looming over the TV industry.<\/p>\n The report points to a decline in households coughing up the TV licence fee, translating into fewer quid for the nation’s broadcaster.<\/p>\n The document reveals there were 23.8m licences by year’s end, a dip from 24.1m in the previous fiscal year.<\/p>\n