Under the current rules, every £1 of private pension income reduces a claimant's Housing Benefit entitlement by 65p. Researchers said the interaction between Housing Benefit rules and modest private pension income could discourage retirement saving while reducing support for pensioners on low incomes. Reduced Housing Benefit for PensionersThe report estimates affected pensioners lose an average of around £50 a week (approximately $67), or approximately £2,600 a year (around $3,400), through reduced Housing Benefit entitlement. He said policymakers should consider changes that better aligned retirement saving with Housing Benefit support. Independent Age, which funded the research, said the findings highlighted growing pressure on older renters with modest private pension income.