Nationwide's Benefits Tool Unlocks 'Life-Changing' Financial Support for Thousands
Nationwide Building Society, the UK's largest building society with branches in Birmingham, has reported that its online benefits calculator is helping thousands of people access significant financial support from the Department for Work and Pensions (DWP). According to the society, users of the tool have discovered they are eligible for an average of £560 per month in benefits, a sum described as "quite life-changing" by Nationwide executives.
How the Better Off Calculator Works
The Better Off calculator, available on Nationwide's website, is designed to help individuals identify if they are owed benefits from the DWP. Stephen Noakes of Nationwide explained, "We have calculators that can advise customers if they have additional benefits." He noted that since its launch six months ago, 18,000 households have used the tool, with 11,000 finding they qualify for benefits, resulting in an average monthly gain of £560.
Nationwide urges customers and account holders to utilize this resource, emphasizing its potential impact on financial well-being. The tool is particularly aimed at five key groups who may be eligible for extra cash:
- You or your partner are out of work
- You are renting your home
- You have children
- You have a disability or care for someone with a disability
- You are receiving the state pension
Six Common Benefits Identified
Through the Better Off calculator, users have successfully claimed six common DWP benefits, including:
- Universal Credit
- Pension Credit
- Carer's Allowance
- Child Benefits
- Personal Independence Payment
- Council tax discounts
Nationwide highlights that the process is straightforward, taking just a few minutes to complete. The society states, "It could make the difference between struggling with the cost of living and being better off."
Next Steps for Potential Claimants
If the Better Off Indicator suggests eligibility, users can proceed to a full calculation for more detailed results and to apply directly. Alternatively, Nationwide offers the option to contact Policy in Practice, where benefits specialists can assist over the phone. These experts can check eligibility and perform the full calculation, ensuring users receive the support they are entitled to.
This initiative underscores Nationwide's commitment to supporting communities, particularly in areas like Birmingham, by helping residents navigate the complexities of the benefits system and secure vital financial assistance.
