People who apply for Pension Credit before Sunday 10th December could qualify for an extra £300 cost of living boost.

Applications for the DWP benefit can be made on the Government’s website but applicants must either live in England, Scotland or Wales and be of the state pension age to be eligible.

Furthermore, applicants have to share their marital status and income to see how much Pension Credit they could qualify for.

As it stands, someone’s weekly income is topped up to £201.05 if they are single or £306.85 if they have a partner

Dean Butler, the managing director for Retail Direct at Standard Life, emphasised the importance of pensioners putting in their claims before the deadline.

He explained: “Pension Credit is a vital lifeline for people of State Pension age and on low incomes, and the backdating deadline of Sunday 10th December is particularly important this year as people who apply before the deadline could receive a £300 cost of living boost.

“With inflation still high and energy bills set to rise again in January, it’s important that people who are struggling are claiming everything they’re entitled to.

“A huge number of potentially eligible pensioners still don’t take up Pension Credit, however, it’s worth over £3,900 a year on average so can be a real help.”

Due to the income threshold attached to the payment, many people do not believe they are entitled to this support but is a mistake, according to experts.

Mr Butler added: “Many people mistakenly believe that if they have some savings or their own home they won’t be entitled to Pension Credit, with others worried about a perceived stigma attached to claiming.

“However, eligibility is wider than often assumed and Pension Credit can be a real lifeline when times are tough. People who claim Pension Credit may also be able to get help with heating costs, NHS services, rent and council tax and a free TV license.

“We would urge people to check eligibility with a benefits adviser or the Government’s online Pension Credit calculator and make sure they are receiving all possible help.”