UK savings and benefits: are you missing out on free cash?

From unclaimed premium bond prizes to lost accounts, there may be money you are missing out on

In a cost of living crisis every penny counts, so it’s never been more important to check you are getting everything that is rightfully yours.

Last year, retirement advisers at Just Group found that eight in 10 pensioner households eligible to claim benefits were failing to do so – and missing out on an average of £1,231 a year as a result.

Pension credit and council tax reductions were among the unclaimed benefits on its list. Other organisations such as the charity Turn2us say benefits such as the personal independence payment are also overlooked.

Then there are tax perks you may be entitled to, prizes you never claimed, and cash in accounts that may have gone astray. So what money may have your name on it?

Read the full Guardian article at –

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