You can receive Pension Credit as a top-up to your State Pension. You can receive Pension Credit even if you are still working. To be eligible for Pension Credit, you and your partner need to have both reached State Pension age, or one of you needs to be getting Housing Benefit for people over State Pension age.
What are pension credits and who can claim them?
Pension credit is a tax-free, means-tested benefit aimed at retired people on low incomes and can be worth £1,000s a year. Plus, if you claim it you can access a whole raft of other benefits including council tax discounts and free TV licences for over-75s.
What benefits can I claim for over 60?
The best benefits for pensioners and the over 60s
- State pension benefits.
- Free eye tests and dental care.
- Free TV license.
- Discounts on public transport.
- Help with heating your home.
- Benefits for carers and disabled individuals.
- Military pension benefits.
How much savings are you allowed before you can claim pension credit?
There isn’t a savings limit for Pension Credit, but if you have over £10,000 this will affect how much you receive.
What is the income threshold for pension credit?
It’s only available if you reached State Pension age before 6 April 2016. The amount you can get depends on whether you meet the ‘savings credit threshold. ‘ You must have a weekly income of at least £153.70 a week if you’re single or £244.12 a week if you’re claiming as a couple.
What are the pension benefits for people over 60?
Guarantee Credit – this is for people over 60. It guarantees an income of at least £159.35 per week if you are single, or £243.25 per week if you have a partner. Savings Credit – this rewards over 65s who have saved towards their retirement. It pays up to £13.20 per week if you are single or £14.90 per week if you have a partner.
Do you get pension credit when you reach state pension age?
If only one of you has reached State Pension age, you’ll only be able to start getting Pension Credit if, on the day your claim starts, you are entitled (as a couple) to Housing Benefit for people who have reached State Pension age. Find out more about Housing Benefit.
Do you get pension credit if you have low income?
Pension Credit helps you top up the money you earn if you have a relatively low income. You may even get it if you have some savings and a modest retirement income, and it can be paid on top of your state retirement pension.
When does Pension Credit stop in the UK?
From 15 May 2019, if you start living with a partner who is still under State Pension age, your Pension Credit will stop. If you’re also getting Housing Benefit, this will stop as well. This is because new rules that apply from that date mean that both partners must have reached State Pension age before a couple can get Pension Credit.
