A new report indicates that people over State Pension age are missing out on thousands of pounds of extra income by failing to claim their full entitlement to key means-tested benefits from the Department for Work and Pensions (DWP).
Just Group’s 15th annual State Benefits insight report found that eight in 10 (79%) pensioner homeowners were failing to claim any of the benefits they were eligible to receive, missing out on an average of £1,807 a year extra income.
The retirement specialists discovered that nearly one in 10 (9%) pensioners who were claiming were receiving too little, missing out on an additional £2,915 a year, on average.
Stephen Lowe, group communications director at Just Group, said: “Despite the focus on benefit as a result of the UK Government’s decision to axe Winter Fuel Payments to millions, our survey once again shows the scandalous scale of the under-claiming problem.” He continued: “Of the one-third of pensioner homeowners eligible for benefits, the proportion failing to claim remains very high while the amounts unclaimed are larger than for more than a decade.
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