Did you know billions of pounds in benefits go unclaimed in the UK every year?  A report out this month by Policy in Practice reveals a staggering increase in this figure.

£23 billion!

Yes, £23 billion – that's the amount of money in income-related benefits and social tariffs going unused annually! This represents a significant jump of 21% compared to previous estimates, which we reported on here at Stepsave.

There are several reasons behind this rise:

• Benefit uprating: Benefits are adjusted each year to keep pace with inflation.
• Universal Credit rollout: The ongoing transition to Universal Credit may be causing confusion and leading some people to miss out on what they're entitled to.
• Improved data analysis: More accurate estimates suggest benefit take-up is lower than previously thought.

Here's a breakdown of the £23 billion in unclaimed benefits:

Source: Policy in Practice - policyinpractice.co.uk/missing-out-2024/

What does this mean for you?

This unclaimed money could make a real difference to your quality of life, especially with the rising cost of living. It's crucial to check if you're eligible for benefits you might not be aware of.

Here's what you can do:

• Use a free benefits calculator: Several free online tools can help you determine what benefits you might be entitled to. The government-endorsed Better Off Calculator: https://betteroffcalculator.co.uk from Policy in Practice is a great option.

Pro Tip: Check out our test of the four leading UK benefits calculators, where we assessed their usability, result clarity, and ease of application for benefits, grants, and support.

• Seek help from a Citizens Advice Bureau: Citizens Advice can offer free, confidential advice on benefits and other financial matters.
• Contact your local council: Your council may offer additional support programmes or have advisors who can help you navigate the benefits system.

Taking action can make a big difference!

Don't let this money go unclaimed. By checking your eligibility and applying for the benefits you deserve, you can improve your financial situation and weather the current economic challenges.

Remember, you're not alone! Millions of people in the UK are entitled to benefits but don't claim them.

Don't miss out on your share of the £23 billion! Take action today: Use the free Better off Calculator and claim what's rightfully yours.