Pension Credit

Overview

Pension Credit is an income-related benefit made up of 2 parts - Guarantee Credit and Savings Credit.
 
Guarantee Credit tops up your weekly income if it’s below £167.25 (for single people) or £255.25 (for couples). You may still be eligible if you have savings, a pension or your own home.
 
Savings Credit is an extra payment for people who saved some money towards their retirement, for example a pension.
 
You may not be eligible for Savings Credit if you reached State Pension age on or after 6 April 2016.
 
You do not pay tax on Pension Credit.
 
Use the Pension Credit calculator to work out how much you might get.

See also:

For further information: