Pension aged homeowners are ‘missing out’ on £830 per year by not claiming state benefits | Personal Finance | Finance
Additional research from Just Group, produced in early January, showed the “real-life” costs to pensioner homeowners in not claiming their full benefits entitlement topped £830 on average.
But on top of this, even those who are claiming are not getting everything they’re entitled to, costing just over £700 a year.
Simon concluded on this: “Every year, our specialist equity release advisers find that the majority of pensioner homeowners are either not claiming any benefits or missing out on their full entitlement.
“Our advisers sometimes help people claim thousands of pounds extra a year which can radically improve their financial situation in retirement.