Renfrewshire Council

Pension credit

Pension Credit is a benefit for older people in Great Britain.

The amount of pension credit you will receive is based upon the amount of money you have.

Women can claim pension credit once they reach state pension age. Men can claim pension credit once they reach the state pension age of a woman with the same date of birth as them.

Pension credit is made up of the following two components:

Guarantee Credit
Guarantee Credit tops up your weekly income to £151.20 if you are single and £230.85 if you have a partner.

The amount of Guarantee Credit you receive may increase if you have caring responsibilities or if you are disabled.

If you and your partner are both of state pension age, then either one of you can apply for Guarantee Credit. If you meet the qualifying age for pension credit but your partner is under the qualifying age, you can still claim Guarantee Credit.

Savings Credit
You may be eligible for Savings Credit if you have some savings or perhaps a second pension.

You or your partner must be aged 65 or over and living in Great Britain to qualify.

You may receive Savings Credit on its own or you may receive it along with Guarantee Credit.

The amount of Savings Credit you receive can be up to £14.82 per week if you are single and £17.43 per week if you have a partner

The amount of Savings Credit you receive may increase if you have caring responsibilities or if you are disabled.

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