Accountant pensioners miss out on state benefit claims
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.