Pension Credit overview

Could Pension Credit give you extra income?

There are two types of Pension Credit: Guarantee Pension Credit and Savings Pension Credit. Some people get one or the other and some people can get both.

Guarantee Pension Credit is a benefit which people of Pension Credit Age can claim; it tops up their income to a minimum level. It is much more generous than the working age means-tested benefits. Even if you are only entitled to a small amount, the good news is that you automatically qualify for maximum help with your rent too! So it is well worth making a claim even if you’re not sure whether you will qualify - you’ve nothing to lose.

Savings Pension Credit is for people aged 65 and over. It provides extra money to some people who have made some additional provision for their retirement, eg. private or works pensions.

Changes from April 2016 mean that if you reach State Pension age on or after 6th April 2016 you will not be able to make a new claim for Savings Pension Credit.

For more information go to our 'Pension Credit' page.