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Pension Credit

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Almost half of all pensioners are entitled to Pension Credit. Yet about a third of those eligible (up to 1.8 million older people) are still not claiming it. If you’re one of them‚ you could be missing out on hundreds or even thousands of pounds a year.
There are two parts of Pension Credit – you may be eligible to receive one or both of them.

Guarantee Credit is designed to make sure that people of state pension age (rising from 60 to 65 between 2010 and 2020) have a guaranteed level of income. It is worked out by comparing your income with the amount the Government thinks you need to live on. This amount is known as the standard minimum guarantee.

Savings Credit is paid to people aged 65 and over‚ who have made some retirement provision in addition to their basic State Pension.
Can I claim it?
Pension Credit is a means-tested benefit and so your income and savings are taken into account when it is worked out.

Pension Credit includes help towards mortgage payments and service charges for home owners, and extra money for people who receive Carers Allowance or disability benefits.

National Pension Centre, Tyneview Park, Whitley Road, Benton, Newcastle-upon-Tyne, NE98 1BA
Umbrella org:
Department for Work and Pensions
Area serviced:
0800 99 1234
Opening times:
8am - 6pm Monday to Friday

Related Information

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Service Definitions

Anything contributing to an improvement in condition; advantage; help
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular instalments, while the latter is paid in one lump sum.