State pension age Britons urged to check if they’re among 1 million missing out on boost | Personal Finance | Finance
The last set of official figures on take-up are for the 2018/19 year, showing nearly one million households are failing to claim the benefit, despite being eligible.
The figures, released prior to changes to the free over 75s TV Licence scheme and last year’s DWP campaign to raise awareness of Pension Credit, shows take-up is about 63 percent with 1.57 million eligible households claiming and 920,000 failing to claim.
The estimated amount claimed is £4.87billion while £1.56billion was estimated to go unclaimed, according to those statistics.
It puts the mean amount unclaimed at £32 a week per household (£1,664 per annum) and the median amount at £18 a week (£936 per annum).
Stephen Lowe, director at retirement specialist Just Group, commented on the issue of Pension Credit take-up, telling Express.co.uk: “Pension Credit take-up levels have been a bone of contention for many years.
“It will be interesting to see if moves to encourage more people to claim have borne fruit because the sums at stake are meaningful amounts for those struggling on low incomes.