Martin Lewis explained how you could be missing out on thousands of pounds from your pension.
The Money Saving Expert claimed that one in three people who are owed extra credit are not claiming them.
The 44-year-old said explained ‘pension credit’ averages out as an extra £50 a week – a serious sum for those collecting their pension.
Even if you have savings too, you could get an extra £14.
The financial journalist said: “If you are aged 63 or more, and don’t receive the full state pension and have income of less than £155 a week (or a couple earning less than £237), then you may well be entitled to this extra payment – if you are, it averages over £50 a week, so it’s a serious sum.
“As always with these things who is eligible is complicated, but if it sounds like overall you may be due then it’s worth calling the Pension Service on 0800 99 1234 to see if you’re likely to qualify or fill in the application form at Gov.uk and complete it yourself.
“And if you know an older person who may be eligible but isn’t claiming, why not have a word with them.”
Martin gave Holly Willoughby and Phillip Scofield the valuable advice on ITV’s This Morning in February.
Do you know how much you should be saving for your retirement?
He suggests Brits save for their pension as early as age 20.
Martin said: “I have my own rule of thumb, prepared to be very, very scared people.
“You take your age when you start saving, let’s say you are 20, halve 20 and you get ten. So you should save 10 per cent of your income for the rest of your life.
Martin recently revealed how Brexit will effect savings.
Brexit has caused the UK market to become much more volatile, and the pound is experiencing a long term slump since the Brexit announcement.
He told Holly Willoughby and Phillip Schofield in the ITV show: “Pensions move up and down all the time, it’s just like house prices, the only day that really matters is the day you sell, when you cash it in.
“So yeah, your pension has dropped because the FTSE’s dropped, the FTSE may go up again.”