Millions of Pensioner Homeowners Missing Out on £1,300 a Year in Unclaimed State Benefits

A large number of pensioner homeowners who qualify for government financial support are failing to claim the help available to them, according to new research by retirement specialist Just Group.

The study shows that almost three in four eligible pensioners are missing out on state benefits, losing an average of £1,339 each year. More than 40 per cent of pensioner homeowners meet the requirements for at least one benefit provided by the Department for Work and Pensions (DWP), yet the majority are not receiving this support.

Just Group warns that around 74 per cent of those entitled to assistance are not claiming it, even though many are living on modest incomes. David Cooper, director at Just Group, described the situation as an “epidemic” among older homeowners.

He said the findings highlight how many pensioners are struggling with the cost-of-living crisis while failing to access income they are legally entitled to receive. According to Mr Cooper, those most affected tend to be low-income households facing increasing everyday expenses.

A major reason behind the low take-up appears to be a lack of awareness, with many retirees unaware that they qualify for support. Available assistance from the DWP includes guaranteed Pension Credit, savings Pension Credit, council tax reductions, and Universal Credit.

Council tax support shows one of the widest gaps, with only 24 per cent of eligible pensioners claiming it, despite new claims being worth more than £1,000 per year on average. Guaranteed Pension Credit is particularly important, as it is the main means-tested benefit for older people and also unlocks access to additional help, such as winter fuel payments.