Martin Lewis' MSE team urges anyone earning under £60,000 to carry out 10-minute check

Money saving experts have urged people earning less than £60,000 to carry out a simple check to see if they are missing out on extra money.

Martin Lewis' MoneySavingExpert.com says those with an annual income below this threshold should double check if they're eligible for Universal Credit. The team flagged up the advice in their latest newsletter, stating: "Who's likely missing out? Households with lower incomes, up to roughly £35,000 a year, though if you've kids, high childcare costs and rent, it could be £60,000."

This message comes hot on the heels of a report which uncovered a staggering unclaimed £23bn in means-tested benefits and social tariffs for this financial year. Astonishingly, over £8bn in Universal Credit is going unnoticed by upwards of 1.4 million people, reports the Mirror.

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According to figures from think-tank Policy in Practice, the average amount people are failing to claim each year is £5,772. By getting on Universal Credit, you might also qualify for additional help like free school meals or reduced utility bills.

If you're not currently claiming benefits, it's worth checking your eligibility. Not only could this result in extra cash, but it could also qualify you for various cost of living payments. Many charities provide benefit calculators to help you find out what you might be able to claim.

Additionally, Martin Lewis' MoneySavingExpert.com offers a benefits calculator on their website, promising a simple process that takes just ten minutes. Before you start, make sure you have all the necessary paperwork, including bank statements and any information on pensions or existing benefits.