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Pension credit

Pension credit, also known as state pension credit, is a benefit for people who are on a low income and have reached a certain age. It is intended to give you extra money in retirement.

Pension credit has two parts. You can get both of these parts if you satisfy the rules:

  • guarantee credit - you can get this if you are on a low income. It is intended to provide for your basic living expenses.

  • savings credit - this was intended to give you a small amount of extra money as a 'reward' for having income from earnings, savings or pensions over the level of the basic state pension. Savings credit is being phased out. Only people who’ve reached State Pension age before 6 April 2016 may be eligible to claim the Savings Credit

Pension credit is not being replaced by universal credit but housing benefit and child tax credit are. When this happens, you will be able to claim for rent support or for any dependent children in your pension credit.

For more about pension credit, including claiming, amounts, and where to get help, go to the Age UK website. They also have an online benefit calculator.

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For further information on welfare rights, education issues and social care you will find our factsheets/guides here or for more detailed information you can order a copy of the Disability Rights Handbook from our shop