Pensions Policy Institute

“Around 330,000 retirees are being 'dragged into financial hardship' by the current Housing Benefit system, damning new research has revealed.”

“losing an average of £50 per week in reduced or eliminated entitlement.”

“for every £1 of private pension income a retired person receives, their Housing Benefit is cut by 65p, leaving just 35p of genuine benefit to their disposable income.”

“Housing Benefit expenditure will surge by £3.4bn over the next two decades, reaching that figure by 2044.”

“a sharp decline in pensioner home ownership, which is forecast to drop by 14 percentage points.”

“By 2044, roughly one in three pensioner households is expected to rent rather than own their home, a dramatic shift from patterns seen in previous generations.”

“Under this model, a £25 weekly disregard for a retiree receiving the full State Pension alongside £100 per week in private pension income would boost their disposable income by £16.25 per week by inc…”

“The PPI estimates such a policy would bring approximately 20,000 additional pensioners into the Housing Benefit system at a cost to the Treasury of around £100m.”