View more on these topics

Government urges pensioners to claim their missing benefits

The Government is urging pensioners to claim billions of pounds worth of pension credits and other benefits that they may be entitled to.

Pensions minister Mike O’Brien is urging older people to check their entitlement to pension credit as they may be able to claim up to a year’s backdated benefits as a lump sum up until October 6.

The Department for Work and Pensions is writing to 250,000 people who may be entitled to the credit to encourage them to claim. Help the Aged estimates that millions of pensioners are missing out on up to £5bn of benefits each year.

O’Brien says many older people mistakenly believe that owning their own home or having savings will automatically rule out entitlement to the credit to top up their income, but 2.7 million pensioner households claim an average £50 per week to ensure their weekly income does not fall below £124 per week.

O’Brien says: “It’s vital that older people claim money that’s rightfully theirs to help with their day-to-day needs. Don’t delay – if you claim before October 6 you could also get up to a year’s backdated Pension Credit.”

As well as pension credit, pensioners may also be able to claim housing benefit, council tax benefit or help with heating and insulation costs.

Help the Aged special adviser Mervyn Kohler says: “Pensioner poverty is a real issue which must be tackled urgently – and claiming benefits which belong in older people’s pockets is crucial to that.

“The money could make a huge difference to the living standards of pensioners everywhere, many of whom are really struggling with the soaring cost of basics such as food and fuel.”


Pawns in the game

Given the gathering clouds on economic performance, shares have been remarkably resilient. As the autumn approaches and that most capricious of months, October, nears, can we be sanguine over our likely fortunes?


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm