You are here: Home - Uncategorized -

Benefits bonanza spurned

Written by:

More than £7bn in means-tested benefits overseen by the Department for Work and Pensions went unclaimed in 2003-04, according to a National Statistics survey.

The benefits included income support, housing benefit, pension credit, jobseeker’s allowance and council tax benefit. Between £4.2bn and £7.3bn is thought to have been unclaimed, with an average take-up of between 80% and 88%.

“These are worrying figures and the Government should be concerned,” said financial expert Martin Cunningham. “Perhaps the benefits are too complex for some people to understand, but there must be some real hardship if this amount of money is unclaimed.”

Related Posts


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Virgin Mobile boosted by new users

Virgin Mobile, the UK’s fifth-largest mobile operator, has reported user numbers up 12% on a year ago, including an extra...