Pension Credit Guide and Updates

Pension Credit Overview & What you’ll get

1 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 £177.10 (for single people) or £270.30 (for couples).

Savings Credit is an extra payment for people who saved some money towards their retirement, eg a pension.

You may not be eligible for Savings Credit if you reach State Pension age on or after 6 April 2016.

You don’t pay tax on Pension Credit.

2 What You’ll Get

Guaranteed Credit per week

Single people top up to £177.10

Couples top up to £270.30

Savings Credit per week

Single people up to £14.04

Couples up to £15.71

em>You might get more if you’re a carer, severely disabled or have certain housing costs.

You might be eligible for other benefits when you get Pension Credit – like Housing Benefit, help with Council Tax, Cold Weather Payments and NHS dental treatment.

You might also be eligible for Pension Tax Relief, find out more and download a guide here.

How you’re paid
All benefits, pensions and allowances are paid into an account, e.g. a bank account.


If your circumstances change
Phone the helpline if your circumstances change as this can affect how much you get. For example, if your income or capital goes up or down.


Pension Service helpline
Telephone: 0345 606 0265
Textphone: 0800 169 0133
Monday to Friday, 8am to 6pm

Get face-to-face advice about Pension Credit from your local Service Information Point. You need to book for this.


Changes to Assessed Income Periods (AIPs)
An AIP is a period when you don’t have to report changes to your pensions, savings or investments.

Your Pension Credit award letter tells you if you have one.

Next – How Can You Qualify For Pension Credit? >

Contains public sector information licensed under the Open Government Licence v3.0