Thousands of pensioner homeowners across the UK have a wonderful opportunity waiting for them – unclaimed government benefits that could put an average of £1,339 back into their pockets each year. According to an encouraging new report from retirement specialists Just Group, the solution is remarkably simple and could take as little as five minutes to explore.

The research reveals that more than four in ten pensioner homeowners are eligible for at least one government benefit, opening the door to meaningful financial support during retirement. These include guaranteed pension credit, savings pension credit, council tax reductions, and universal credit – all designed to help seniors live more comfortably.

David Cooper, director at Just Group, emphasizes the positive potential of this discovery. "It's important cash-strapped pensioner households do not simply assume there is no state help available," he explains. "A five-minute check could unlock thousands of pounds of income each year."

The findings shine a light on a significant opportunity, particularly when it comes to council tax reductions. Eligible pensioners who successfully claim this benefit receive an average of more than £1,000 annually – money that can make a real difference in daily life and help ease financial pressures.

Guaranteed pension credit serves as a particularly valuable gateway benefit, not only providing direct financial support but also opening access to other assistance programs, including winter fuel payments. This creates a ripple effect of support that can significantly improve quality of life for older adults.

The report also discovered that some pensioners who are already claiming benefits may be entitled to even more. Nearly one in seven current claimants could be receiving additional support, with some missing out on an extra £1,162 per year on average. In one remarkable case, a customer was found to be eligible for an additional £5,877 annually.

The main reason people aren't claiming appears to be simply not knowing these options exist, rather than any complicated eligibility requirements. This means the pathway to accessing these funds is more straightforward than many might think.

Financial experts are encouraging pensioners and their families to take a proactive approach. Checking eligibility is free, quick, and could reveal a substantial income boost that makes everyday expenses more manageable. Unlike some benefits, these must be claimed rather than being paid automatically, which means taking that first step to check is crucial.

The good news continues: support and resources are available to help pensioners navigate the claims process. Many organizations offer free guidance to help older adults understand what they're entitled to and how to successfully claim it.

This discovery represents a genuinely positive opportunity for retirement-age homeowners to improve their financial wellbeing. With cost-of-living concerns affecting many households, uncovering this additional income could provide welcome relief and peace of mind. The message is clear and hopeful: help is available, and it might be just a simple check away.

For pensioners wondering if they might benefit, taking a few minutes to explore eligibility could be one of the most rewarding investments of time they make this year.