Pension Credit

Portrait Of Smiling Senior WomanPension Credit is a non-taxable allowance, which is based upon your income. There are two parts to it:

1. Guarantee Credit

You will receive Guarantee Pension Credit if your weekly income is below £145.40 and you are single. This is also the case your weekly income is £222.05 and you have a partner.

2. Savings Credit 

Savings Credit can also be received if you have saved some money towards you retirement, such as a pension. This may increase if you are a carer, severely disabled, or have certain housing costs.

When you apply for Pension Credit, your income is worked out based on:

  • your State Pension (basic and additional)
  • any other pensions you are receiving
  • most benefits, for example Carer’s Allowance
  • savings and investments over £10,000 (£1 is counted for every £500 or part of £500)
  • earnings

2014 onwards

Due to recent changes to housing benefit, Pension Credit will include a new credit to help towards your rent. This is expected to come in for new claimants in October 2014. If you are currently receiving housing benefit, you will be transferred to the new Pension Credit scheme in 2014.

Since the introduction of Universal Credit, Child Tax Credit is also being abolished. Your Pension Credit will include a payment to cover this if you have dependent children.

In order to claim Pension Credit, you must be of Pension Credit Qualifying age. This age varies depending on when you were born:

Date of birth

Date you will reach Pension Credit Qualifying Age

6 April 1950 to 5 May 1950*

6 May 2010

6 May 1950 to 5 June 1950

6 July 2010

6 June 1950 to 5 July 1950

6 September 2010

6 July 1950 to 5 August 1950

6 November 2010

6 August 1950 to 5 September 1950

6 January 2011

6 September 1950 to 5 October 1950

6 March 2011

6 October 1950 to 5 November 1950

6 May 2011

6 November 1950 to 5 December 1950

6 July 2011

6 December 1950 to 5 January 1951

6 September 2011

6 January 1951 to 5 February 1951

6 November 2011

6 February 1951 to 5 March 1951

6 January 2012

6 March 1951 to 5 April 1951

6 March 2012

6 April 1951 to 5 May 1951

6 May 2012

6 May 1951 to 5 June 1951

6 July 2012

6 June 1951 to 5 July 1951

6 September 2012

6 July 1951 to 5 August 1951

6 November 2012

6 August 1951 to 5 September 1951

6 January 2013

6 September 1951 to 5 October 1951

6 March 2013

6 October 1951 to 5 November 1951

6 May 2013

6 November 1951 to 5 December 1951

6 July 2013

6 December 1951 to 5 January 1952 

6 September 2013

6 January 1952 to 5 February 1952

6 November 2013

6 February 1952 to 5 March 1952

6 January 2014

6 March 1952 to 5 April 1952

6 March 2014

6 April 1952 to 5 May 1952

6 May 2014

6 May 1952 to 5 June 1952

6 July 2014

6 June 1952 to 5 July 1952

6 September 2014

6 July 1952 to 5 August 1952

6 November 2014

6 August 1952 to 5 September 1952

6 January 2015

6 September 1952 to 5          October 1952

6 March 2015

6 October 1952 to 5 November 1952

6 May 2015

6 November 1952 to 5 December 1952

6 July 2015

6 December 1952 to 5 January 1953 

6 September 2015

6 January 1953 to 5 February 1953

6 November 2015

*The above table can be found at http://www.dwp.gov.uk/publications/specialist-guides/technical-guidance/pc10s-guide-to-pension-credit/pension-credit-qualifying-age/

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