700,000 pensioners are living in poverty because they are not getting the benefits they are entitled to, the Liberal Democrats have revealed.
In a Parliamentary answer to the Liberal Democrats, the Government has disclosed that these pensioners would be lifted out of poverty if they claimed all of the money that they are entitled to.
Britain's poorest pensioners will lose out on more than £100million next year under Government plans to curb backdated welfare payments.
Those who have failed to claim their full entitlement to pension credit - and the associated housing and council tax benefit - will in future be entitled to just three months' worth of reimbursements rather than the current 12 months.
The move will save the Treasury £301million over the next two years, according to Parliamentary answers sneaked out as MPs went on holiday last week.
It comes as pensioners bear the brunt of the soaring cost of living.
Pension Credit 'tops up' your weekly income. Those over 65 could also be eligible for savings credit.
As Pension Credit rates have risen by more than State Retirement Pension rates, even if your income was too high to claim last year, you may now be able to claim.
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