Pensions credit not taken by many
Four out of ten people eligible for the pensions credit are not taking it up, new figures from the Government have revealed.
Only between 61% and 69% of people that could claim the benefits are doing so, the government reported, meaning that many people are missing out on a boost to their retirement income.
And the Government put the total amount of Pension Credit unclaimed between £1.5bn and £2bn, showing the scale of the problem.
With so many people missing out on the benefits, the government has come under more pressure to scrap the credit and to simply introduce a more generous basic state pension.