Four in ten pensioner homeowners who are eligible for state support are failing to claim any state benefit, new research has shown.
Just Group said two in 10 are claiming but not receiving their full entitlement and the average loss of income for each household is £1,013.
The firm has called for benefits information to be a focus of retirement guidance. “At a time when many pensioners are struggling for income and inflation is rising, we have once again found far too many are missing out on state help,” Just Group communications director Stephen Lowe said.
“The shortfall can be thousands of pounds a year that would make a massive difference to people’s lives.”
Of the benefits tracked, Guarantee Pension Credit displayed the biggest unclaimed sums, “perhaps because it can be worth such a significant sum – up to £8,286 a year for a single person and £12,352 for a couple”, Lowe added.
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