Thousands of Brits are missing out on an extra £1,900 in money which is there to help those struggling.
Around 850,000 eligible households are failing to claim Pension Credit through the Department for Work and Pensions (DWP).
According to retirement specialists Just Group, people can claim it even if they have another income or savings.
Pension Credit is available to those of state pension age who are on low income.
It tops up a weekly income to £182.60 if the claimant is single or increases their joint weekly income to £278.70 if they have a partner.
Also Pension Credit recipients could get an extra £69.40 if they have a severe disability and claim certain qualifying benefits.
Stephen Lowe, the group communications director at Just Group, said: "Pension Credit is designed to top-up the incomes of the poorest pensioners but a third of those entitled to claim – about 850,000 families – are failing to claim.
"There is up to £1.7billion of cash that is not being received, an average of around £1,900 a family.
"The human story to this is the hundreds of thousands of people who are struggling to make ends meet who may not realise financial help is available or do not know how to navigate the system."
In April this year, benefit payments including the state pension saw their rates hiked by 3.1% in line with inflation.
However, with inflation sitting at 9%, the state pension payment may not go far enough for some households.
Stephen highlighted the good Pension Credit can do for those who are "struggling" for money.
He added: "Pensioners are facing a steep increase in inflation which could rise to over 7% this year according to the Bank of England – that would outstrip by some margin the one-off 'double lock' state pension increase of 3.1%.
"As the cost of living crisis starts to bite, and with pensioners heavily impacted by rocketing energy bills, it is more important than ever that people who may be struggling for income are aware of the benefits available to them and how they can claim."
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He also shared advice on how people can calculate how much they're missing out on when it comes to Pension Credit.
Stephen explained: "There are a range of free resources to help people and families can use a variety of online resources to check if they suspect elderly relatives may be missing out on valuable help.
"The government website has links to useful third-party calculators (Benefits calculators) while other sources are Citizens Advice, local councils and charities."
Those interested in putting in a claim for Pension Credit can begin their application up to four months before they reach the state pension age, which is 66.
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