What is Pension Credit?

Pension Credit is a benefit for people who have reached State Pension age and have a low income. Pension Credit is made up of two different parts. They are:

  • Guarantee Credit
  • Savings Credit.

Guarantee 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 (your income) 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

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 on or 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

Who can claim?

To get Pension Credit, whether you are a man or a woman, you must have reached the current State Pension age for women.

From 15 May 2019, if you live with your partner, you can only apply for Pension Credit if both you and your partner have reached State Pension age.

Visit gov.uk to check if you can claim Pension Credit.

How much you could get

  • For single people – you can get a weekly guarantee credit of whatever amount is needed to increase your weekly income to £167.25. You will also get a weekly savings credit of up to £13.72.
  • For couples – you can get a weekly guarantee credit of whatever amount is needed to increase your weekly income to £255.25. You will also get a weekly savings credit of up to £15.35.

You could get more if you are a carer, if you have a disability or if you pay service charges.

People who get Pension Credit can also apply for a loan to help with mortgage interest payments.

How to apply

You can call the Pension Credit claim line on 0800 99 1234, or use textphone 0800 169 0133. Or you can get a claim form from your local Citizens Advice.

If you live in Northern Ireland, call 0808 100 6165 or use textphone 0808 100 2198. You can also download a claim form from nidirect.gov.uk

How we can help

Macmillan Grants

If you have cancer, you may be able to get a Macmillan Grant to help with the extra costs of cancer. Find out who can apply and how to access our grants.

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