Pension Credit

Pension Credit is a benefit for people who have reached a certain age and have a low income. To get Pension Credit, whether you are a man or a woman, you must have reached the current State Pension age for women. This will be 63 years and nine months from April 2017. It is gradually rising to meet the State Pension age for men (65) by November 2018.

Who can claim

Pension Credit is made up of two different parts:

  • Guarantee Credit
  • Savings Credit.

Guarantee Credit increases your weekly income if it is below a certain amount. You may get extra payments if you are a carer or have a severe disability.

The money you earn will be checked to see whether it is below a certain amount. Some of the money you earn will be ignored. They will usually ignore:

  • £5 a week for single people
  • £10 a week for couples
  • £20 a week for certain other people, such as those who are severely disabled.

This means you can still earn some money and be considered to have a low income.

Savings Credit is a weekly payment for people who saved some money towards their retirement (for example in a personal pension).

If you reached State Pension age after 6 April 2016, you may not be able to get the Savings Credit part of Pension Credit.

For more information or to find out the exact date when you can get State Pension and Pension Credit, speak to a welfare rights adviser or visit gov.uk

How much you could get

These are the Pension Credit rates from April 2017 to April 2018.

For single people, you can get a weekly guarantee credit of whatever amount is needed to increase your weekly income to at least £159.35, and a weekly savings credit of up to £13.20.

For couples, you can get a weekly guarantee credit of whatever amount is needed to increase your weekly income to at least £243.25, and a weekly savings credit of up to £14.90.

You could get more if you are a carer or have a disability. Pension Credit may also entitle you to extra help with housing costs.

How to apply

Call the Pension Credit claim line on 0800 99 1234, use textphone 0800 169 0133 or visit gov.uk

Back to Benefits for people of pension age

State Pension

If you have reached State Pension age, you are entitled to regular pension payments from the government.