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'Hundreds of Thousands' of Older People Missing Out on £4,300 State Pension Boost
Around 820,000 UK pensioner homeowners miss an average £1,339 annually due to unclaimed means-tested benefits, driven by lack of awareness and application requirements.
- DWP estimates for 2023/24 show up to three-quarters of eligible pensioner homeowners miss benefits, losing an average £1,339 a year.
- A lack of awareness and action means many pensioner homeowners miss out because the claims process requires applying and stigma or pride deter them from claiming benefits.
- The report shows 62 pensioner claimants missed one key benefit, 12% missed two and 5% missed three, with 14% receiving too little and losing �1,162 annually.
- With the first Cold Weather Payments triggered, former pensions minister Steve Webb is urging eligible older people to claim Pension Credit now, noting claims can be backdated up to three months.
- The report highlights that missing Pension Credit blocks access to Warm Home Discount, winter fuel payments, TV licence for over 75s, and council tax reductions, raising concerns about support for retirees.
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27 Articles
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'Hundreds of thousands' of older people missing out on £4,300 State Pension boost
Former pensions' minister Steve Webb is urging older people on lower incomes to claim Pension Credit, and encouraging friends and relatives to help them
·Ilkley, United Kingdom
Read Full ArticleMillions of pensioners could be £1,339 better off each year after 'five-minute check' - but they don't know about it
Millions of older homeowners could be missing out on extra income at a time when household budgets remain under pressure and living costs are still high
·London, United Kingdom
Read Full ArticleCoverage Details
Total News Sources27
Leaning Left1Leaning Right1Center20Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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