Pension Credit

1. Overview

Pension Credit is an income-related benefit made up of 2 parts - Guarantee Credit and Savings Credit.

This guide is also available in Welsh (Cymraeg).

Guarantee Credit tops up your weekly income if it’s below £159.35 (for single people) or £243.25 (for couples).

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 don’t pay tax on Pension Credit.

Use the Pension Credit calculator to work out how much you might get.