Many home owning pensioners are failing to claim any or all of the state benefits they are entitled to, according to research from Just Retirement Solutions.
The research revealed that more than half of customers seeking advice on equity release were not claiming their entitlement and missing out on hundreds of pounds a year in extra income.
Just Retirement’s research found that 20% were failing to claim any benefit, up from 18% in 2010. On average these people are losing £872 a year, with the biggest loss £8,766.
A third (34%) of customers are receiving some, but not all their benefits, up from 26% in 2010, and on average these people are losing £676 a year, with the biggest loss £1,408.
What do you think?