Pension Credit - FS48 | Age Concern England

Pension Credit - Factsheet 48

This factsheet covers Pension Credit (PC)‚ a benefit with two parts: Guarantee Credit and Savings Credit.

Guarantee Credit is designed to make sure that people aged 60 and over have a guaranteed level of income. It is worked out by comparing your income with the amount the Government thinks you need to live on. This amount is known as the standard minimum guarantee.

Savings Credit is paid to people aged 65 and over‚ who have made some retirement provision in addition to their basic State Pension.

The information in this factsheet is correct for the period April 2009 – March 2010. Benefit rates and other figures are expected to increase again in April 2010 but rules and figures sometimes change during the year.

The information given in this factsheet is applicable in England and Wales. Different rules may apply in Northern Ireland and Scotland. Readers in these nations should contact their respective national Age Concern organisations for information specific to where they live.

For further details about treatment of capital income please see Factsheet 53 'Capital‚ income and means-tested benefits'.

Further information

Please download Factsheet 48 from the top right of this screen for detailed information.

You can get a claim form by phoning the Pension Credit Line on 0800 99 12 34 or by downloading it from the Pension Service website.

Age Concern can help you make a claim – contact your local Age Concern today.

Pension Credit - case study

64-year-old Terry had no idea he and his wife were entitled to Pension Credit and full payment of their council tax bill.
More Money in Your Pocket

Our national campaign to help older people claim their rightful benefits.