Pension Credit is a tax free weekly payment which could mean extra money if you are over the qualifying age.

The qualifying age for Pension Credit increases on a regular basis as a result of the equalisation of pension ages for men and women. You can check your own qualifying age by either phoning the Pension Service on 0845 6060 265, or by checking theState Pension Age Calculator.

People aged 65 or over may be rewarded for some of the savings and income they have provided for their retirement.

You may be entitled to Pension Credit if:

  • you or your partner have reached the qualifying age and
  • you normally reside in Great Britain

How much is pension credit?

Pension Credit currently guarantees a minimum income of at least:

£148.35 a week for a single person or
£226.50 a week if you have a partner

Entitlement may be higher if any of the following apply:

  • you are severely disabled and live alone, or with another severely disabled person
  • you are a carer entitled to Carers Allowance
  • you have certain housing costs that are not covered by Housing Benefit (for example mortgage interest payments)

What if I have savings or investments?

If your savings and investments are less than £10,000 then they are ignored. If your savings and investments are over these limits any Pension Credit paid is reduced by £1 for every £500, or part of £500 you have over these limits. This is called assumed income from savings.

For example, if you have savings of £11,050 you will be deemed to have an income of £3 per week from your savings; if you have savings of £15,300 you will have a deemed income of £11 per week.


Can you continue to work and apply for pension credit?

Yes. You can work as many hours as you like and still apply for Pension Credit. However, the earnings they receive may affect your entitlement.


How much pension credit could people get each week?

Guarantee Credit

If your income is below £148.35 a week for a single person or £226.50 a week if you have a partner then the guarantee credit makes up the difference.

Savings Credit

This can be paid if you or your partner are aged 65 or over. It is intended to provide extra money for people who have made modest provision for their retirement. So if your income is less than £189 per week (or £277 if you have a partner) then you should make a claim.

Some types of income do not count for Pension Credit Purposes. These include:

  • Attendance Allowance
  • Disability Living Allowance
  • Housing Benefit
  • Council Tax Benefit

How do you apply for pension credit?

You can apply by phone

0800 991234
or at www.gov.uk/pension-credit.

Over three million people are receiving extra money through Pension Credit.

Could you join them?

Make sure you don't miss out. If you apply for Pension Credit and are eligible, you may receive a payment backdated (for up to 3 months from the day you were first entitled to the date you first applied).

We will provide a friendly and confidential place, or visit you at home, to discuss any issues regarding your State Pension or Pension Credit. We will be able to:

  • Help you complete claim forms
  • Deal with any queries you may have about benefits you are already receiving
  • Verify documents to save you from having to send them to the Pension Centre
  • Signpost you to other services you may need