Graham Parrott, from Fitzroy Tax Services in Guernsey, said being a part of the scheme was “always a gamble because none of us know how long we are going to live”.

“I have to confess it’s been something I’ve been looking to do for my family,” he said.

“But you have until April, so someone entitled to a UK state pension has a few extra months to boost that pension.”

He said some people argued “if you’re not living in the UK you should not have the pension”.

“But I think it’s perfectly right because you earned it while you were there,” he added.