Universal Credit, pension credit and other benefit statistics are regularly released by the DWP, with the department publishing details about the levels of fraud and error in the DWP benefit system. The DWP estimates the amount of money that is overpaid and underpaid to claimants, which they detail are an important metric that is included in the department’s annual reports and accounts.
This is important to note as it will be the first time that attendance allowance has been reviewed.
Additionally, it will be the first time state pension has been reviewed for claimant error and fraud since 2005 to 2006.
DWP confirmed all benefit reviews for the coming year will be carried out by telephone rather than by a home visit.
This change affects all the benefits previously listed except for Universal Credit.
According to the DWP’s latest analysis, state pension is the benefit with the highest expenditure overall, with £98.8 billion being spent in 2019 to 2020.
This equated to over half of the total spend.
Despite this, as a benefit it had the lowest rate of overpayments at 0.1 percent.
However, it is possible that there could be blindspots in the Government’s analysis as only the rate of Official Error was measured for State Pension in 2019 to 2020, with the rates for Fraud and Claimant Error rolled forward from when they were last measured in 2005 to 2006, with the DWP acknowledging that due to changes in methodology, comparisons cannot be made to figures prior to the 2018 to 2019 figures.
Do you have a money dilemma which you’d like a financial expert’s opinion on? If you would like to ask one of our finance experts a question, please email your query to [email protected]