ANNOUNCEMENT: Lloyds Banking Group integrates our Benefits Calculator. Learn more.
In our relentless effort to put more money into the pockets of vulnerable customers, we are proud to offer the widest benefits coverage available in the market.
While most of the benefits calculators include means-tested, contribution and non-contribution; we also cover passported benefits, benefits for energy bills and social tariffs. Adding these additional benefits is especially important for the most vulnerable segments (e.g. low-income families, disabled or elderly people) as they increase their income by up to £1,900/year.
Now, Let’s dive into the main characteristics of these types of benefits and the list of benefits we currently cover.
Inbest benefits calculator covers the following types of households:We cover the following means-tested benefits:
Inbest benefits calculator does not cover the following types of households::
Mean-tested benefits are payments available to households whose income and capital (their ‘means’) are below the amount the government estimates that they need to live on (their ‘needs’).
We cover the following means-tested benefits:
Contribution benefits are available to help people who have paid enough national insurance contributions over a certain period of time. We cover the following contribution benefits:
Non-contribution benefits are payments available to households with special circumstances or to help with the extra costs of having a disability or caring for someone with a disability. Households qualify if they meet the eligibility criteria regardless of their income or capital.
We cover the following non-contribution benefits:
Passported benefits are benefits or grants that some people are entitled to because of their entitlement to means-tested benefits. Passported benefits are a powerful tool to provide extra support to groups that are especially vulnerable such as low-income families with children or older adults.
We cover the following passported benefits:
We also cover the following passported benefits in Scotland:
Benefits for energy bills are government-regulated grants that help vulnerable households pay for their energy costs, while social tariffs are discounted or capped pricing schemes offered by water, broadband, and phone providers.
These benefits and social tariffs are powerful tools for reducing households’ basic expenses, especially during the cost of living crisis. However, most people are unaware that these deals exist, and it’s estimated that only 14% of the 5 million eligible people are taking advantage of them.
Additionally, telecom, transport, and the NHS offer discounted tariffs for low-income households.
We cover the following benefits to help households manage day-to-day expenses:
Home Improvement Grants include Retrofitting Grants and Housing Adaptation Grant for People with Disability.
Retrofitting Grants can offer valuable funding for home improvements to enhance insulation, replace boilers, and lower energy costs. We cover the following retrofitting grants:
We cover the following retrofitting grants:
Housing Adaptation Grant for People with Disability provides vital funding for home improvements so people with a disability can live there safely and comfortably:
We cover the following Housing Adaptation Grant for People with Disability:
Discretionary Support Schemes are flexible programs run by your council to help households in financial difficulty. They provide targeted support to those who don’t qualify for national benefits or need additional help.
We cover the following Discretionary Support Schemes:
Contact us to learn more about our benefits coverage and view our platform in action.