Pension Credit is separate from your State Pension. You can get Pension Credit even if you have other income, savings or own your own home. This guide covers Pension Credit in England, Scotland and Wales.
How much do you get on pension credit?
You’ll get up to £14.04 Savings Credit a week if you’re single. If you have a partner, you’ll get up to £15.71 a week. You might still get some Savings Credit even if you do not get the Guarantee Credit part of Pension Credit.
How much is pension credit for a single pensioner?
Pension Credit comes in 2 parts: Guarantee Credit tops up your weekly income to a guaranteed minimum level: £177.10 if you’re single. or £270.30 if you’re a couple.
Who is eligible for guaranteed pension credit?
To claim Guarantee Pension Credit you must be State Pension age. The Savings Pension Credit can be claimed by men and women aged 65 or over. You must also have reached state pension age before 6 April 2016, but see Gov.UK website for further information on whether couples can qualify.
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.
When was Pension Credit introduced for low income pensioners?
Pension credit is a benefit for low income pensioners which was introduced in 2003. Most recipients have retired and have a relatively stable income, perhaps apart from annual increases in their state and private pensions to keep up with inflation.
Can a single pensioner lose their pension credit?
There are also some people who could end up losing pension credit they currently claim as a result of the changes. This could happen if: You’re a single pensioner and start living with a partner who hasn’t reached the qualifying age on or after 15 May 2019.
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.
