Martin Lewis has today issued an urgent warning that people only have two weeks left to claim a benefit which could transform their lives. Pension Credit is potentially worth up to £3,500 a year for the poorest people in the country - but in order to claim a backdated payout that will qualify for the first instalment of the Government's cost of living payment, people only have until May 19.
Pension Credit claimants are entitled to the cost of living payment, the first £301 of which is currently being paid out. It’s estimated that 850,000 pensioners are currently not claiming the benefit when they should be.
Speaking on Good Morning Britain Mr Lewis, who founded the Money Saving Expert site said: “Pension credit is a top up benefit that helps those who are of state pension age who are not getting enough income. Now. I’ve long been saying there are one million state pensioners in the UK eligible for pension credit who do not claim it, and that is an absolute tragedy.”
