Lloyds Bank has introduced a new tool to assist its customers in determining their eligibility for government benefits such as Child Benefit and Universal Credit, potentially worth thousands of pounds per household.
Lloyds Bank as launched a tool to help households check whether they are missing out on essentials benefits.
Lloyds estimates that around eight million households in the UK are failing to claim £23bn in government benefits each year, such as Child Benefit and Universal Credit, equating to an average of £2,875 per eligible household. In addition to unclaimed benefits, Lloyds suggests that young professionals may be overlooking Council Tax discounts, while homeowners might be unaware of available assistance for home improvements and sustainability initiatives.
Lloyds has announced that its Benefit Calculator has been a significant aid for many of its customers, helping them to uncover potential support they might be entitled to since the tool's trial phase commenced a few weeks ago.
Lloyds Bank Benefits Calculator Government Benefits Child Benefit Universal Credit
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