Financial guru Martin Lewis says scores of people could be missing out on £301 from the Government.
In this week's edition of Wallet Wednesdays on Good Morning Britain, Martin said people had just over two weeks to access a benefit that means they'll be entitled to Cost of Living support from the Department for Work and Pensions (DWP).
Martin said: "Pension Credit is a top up benefit that helps those of State Pension age who are not getting enough income. Now, I've long been saying there are one million pensioners in the UK eligible for it who do not claim it. It's an absolute tragedy. They've paid into the system for all of their lives and they're not getting this important top-up."
Read More: Martin Lewis sends out stark warning after elderly relative scammed by fraudsters
He also said it is a "really crucial" time at the moment. Martin continued: "While the current Cost of Living payment has already started being paid out and for most people the eligibility period is over, Pension Credit can be backdated, so what this means is if you are eligible you will get that £301 and you've got until the 19th of May in order to claim.
"Simply by claiming Pension Credit, even if you're only entitled to a small amount, you will get the £301."
Pension Credit is often referred to as a "passport" benefit aimed at supporting people over State Pension age on a low income by providing around £3,500, on average, each year in financial support, reports the Liverpool Echo. It also acts as a gateway to Council Tax, housing and NHS discounts along with free TV Licences for the over-75s.
Read Next:
All the money changes coming in May including DWP benefit payments and cost announcements
Martin Lewis issues warning for anyone going on holiday after viewer's heartbreaking story
Four reasons why your Child Benefit payments could be stopped or reduced by HMRC
Scam warning as fraudsters infiltrate legitimate text messages
Martin Lewis urges households to check Council Tax bills with many due 'thousands'
