What is Pension Credit and who can get it?

Pension Credit is a means-tested top-up for people over State Pension age with low income. It can increase weekly income and may open access to other local support. Eligibility depends on income and savings, and homeowners can qualify. Apply through the DWP by phone or online.

Why are pensioner benefits not claimed so often?

Many pensioners assume they are not eligible, especially homeowners with modest savings. Others find applications confusing or fear small awards. In reality, even a small monthly payment helps with energy, food, and council tax. Local advice, simpler forms, and targeted letters can lift take-up.

Which benefits are most often missed by pensioners?

The most cited gaps are Pension Credit and council tax reduction. Both are assessed on income and savings, not just home ownership. These DWP benefits can offset rising costs and improve monthly cash flow, especially during winter when bills are higher for heating and essentials.

What should investors watch for in the next quarter?

Track DWP outreach, council campaigns, and charity helpline traffic for signs of rising claims. For companies, watch retail trading statements on older shopper spend and utility disclosures on arrears and payment plans. Improved take-up can support demand for essentials and ease collections risk.

Law and Government

January 08: UK Pensioners Miss £1,300; Consumer Stress Signals Rise

ByDanny Kontos January 9, 2026

New findings on pensioner benefits not claimed highlight a clear pressure point for UK households and investors. Just Group reports nearly three-quarters of eligible pensioner homeowners miss support worth £1,339 a year. The gap spans Pension Credit and council tax reduction, both run through DWP benefits systems. Lower cash buffers can curb retail demand and raise utility bill arrears. Any Department for Work and Pensions push to lift take-up could support spending and collections through the winter. We set out the scale, drivers, and market signals to monitor.