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Pensions credit not taken by many

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12/05/2006

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.

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Debt

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