personal finance

Pensioners missing out on thousands of pounds a year – check if you could claim

Guarantee Pension Credit, specifically designed to help low-income pensioners, was found to have the highest take-up rate of all benefits reviewed.

Some seven in 10 people who are eligible have submitted a claim for this additional help.

However, those who are failing to claim are missing out on an average of £2,265 per year in extra income.

Conversely, Savings Pension Credit has the lowest take-up rate, with just 45 percent of those who are eligible making a claim.


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