Pension Credit is a benefit for people who have reached the Pension Credit qualifying age and have a low income.
The Pension Credit qualifying age is the same as the current State Pension age for women.
Who can claim
Pension Credit is made up of two different parts:
- Guarantee Credit
- Savings Credit.
Guarantee Credit increases your weekly income if it’s below a certain amount. You may get extra in some circumstances, for example if you’re a carer or have a severe disability.
Some income will not be taken into account:
- £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.
Savings Credit is a weekly payment for people who saved some money towards their retirement (for example a personal pension).
For more information or to find out the exact date when you can claim State Pension and Pension Credit, speak to a welfare rights adviser or visit gov.uk/calculate-state-pension.
Changes to the State Pension will also affect Pension Credit. Most people who reach State Pension age after 6 April 2016 will not be able to get the Savings Credit part of Pension Credit.