Accountant pensioners miss out on state benefit claims
One-quarter of pensionable accountants fail to claim full state benefits
One-quarter of pensionable accountants fail to claim full state benefits
MANY PENSION-AGE accountants are not claiming the full amount of their state benefits, an accountancy charity has said.
The Chartered Accountants’ Benevolent Association (CABA) has found that one-quarter of its pensioners could benefit from additional claims.
David Ashby leads CABA’s income maximisation initiative, which works to ensure that accountants in need can claim all the benefits they are entitled to.
Ashby said: “Around 25% of all the pensioners who come to us for help can claim additional benefits, usually pension credits. It is not unusual to be able to boost the monthly income for pensioners in need by £150 and sometimes by double that amount.”
He added that underclaiming was found to be most common among elderly people, but those affected by disability and unemployment have also failed to apply for their full allowance.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resource"I was brought up the road, 20 kilometres, to a small school that basically was a tin shed with one teacher and 30 children. It had no electricity, no...
View articleNeil Finlayson will head up top 20 Kingston Smith's NFP operation, having joined the firm in 2001 Read More...
View articleColin takes a wry look at how accountants are funding their retirement Read More...
View articleSurvey uncovers a shift in accountant’s attitudes towards pension savings, with over a third using their property to bankroll their retirement Read Mo...
View articleGrant Thornton appoint Ramona Jones and Zoe O'Donnell Read More...
View articleThe Pensions Regulator’s (TPR) executive director for defined benefit (DB) Stephen Soper is set to depart for PwC after more than six years at the reg...
View articleEY appoints Karina Brookes as director to lead its pensions covenant advisory team in London Read More...
View articleNo pussyfooting as PwC performs Dick Whittington Read More...
View article