Nationwide Building Society has launched a new tool called the 'Better Off' calculator that enables households to discover their eligibility for various benefits they may be missing. Since its inception in June 2025, this tool has proven to significantly impact families across the UK, with 11,000 households uncovering a collective £75 million in unclaimed benefits, averaging £560 per month for those who utilized the calculator. This initiative is particularly crucial as it supports individuals who are digitally excluded, allowing them to access the service via phone as well as online.

The calculator is designed to address the widespread issue of unclaimed benefits, offering a straightforward solution for those who might be uncertain about their eligibility. By simplifying the process of determining possible benefits, Nationwide is not only aiding families in financial need but also promoting greater awareness of available government assistance programs. The financial institution’s effort marks a significant step towards fostering inclusivity in accessing essential services, especially for those who might face barriers to technology.

This initiative also reflects a broader trend within financial organizations to become more socially responsible by helping their customers navigate complex financial systems. As the cost of living continues to rise, tools like the 'Better Off' calculator can play a vital role in ensuring that families receive the support they need. Ultimately, the launch of this calculator signifies a proactive approach by Nationwide to enhance financial literacy and empower consumers to make informed decisions about their benefits and financial health.