Pension credit

There are two different types of Pension Credit. Guarantee Credit is for those who have reached the minimum qualifying age. Savings Credit is for those aged 65 or over.

If you are living in Great Britain and have reached the minimum qualifying age, you may be entitled to the Guarantee Credit. This guarantees a minimum income by topping up your weekly income to £137.35 if you are single or £209.70 if you have a partner.

These amounts may be more if you are disabled, have caring responsibilities or certain housing costs, such as mortgage interest payments.

The age from which you can get the Guarantee Credit – the qualifying age – is gradually increasing to 65 in line with women's State Pension age.

Changes to the State Pension age are likely to affect the Pension Credit qualifying age.

If you are aged 65 or over and living in Great Britain you may be entitled to Savings Credit. You may get the Savings Credit on its own or with the Guarantee Credit. You may be entitled to Savings Credit if you are aged 65 or over or have made some provision towards your retirement such as savings or a second pension.
 

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