Cost of living: Just days left to apply for Pension Credit which triggers £301 cost of living payment

Thousands of households have just days left to apply for Pension Credit - which will automatically make them eligible for the £301 cost of living payment. Pensioners are being urged to check if they are missing out on the benefit, which could make them up to £3,500 better off per year, according to the Department for Work and Pensions (DWP).

Pension Credit claimants are also entitled to the £301 cost of living payment, but only if they backdate their claim by May 19. Figures show almost one million households are missing out on the benefit, with consumer champion Martin Lewis speaking out about the “vital” help recently.

You could also get extra help towards housing costs and other bills. Here’s what you need to know about Pension Credit and how to apply.

Pension Credit - check if you’re eligible and how to apply

Pension Credit is a benefit for people who have reached state pension age and are on a low income. The state pension age is currently 66 for both men and women, but is rising to 67 by 2028.