Guarantee Credit tops up your weekly income if it’s below £159.35 (for single people) or £243.25 (for couples).
Savings Credit is an extra payment for people who saved some money towards their retirement, for example a pension.
Your Pension Credit award letter tells you if you have one.
You may not be eligible for Savings Credit if you reached State Pension age on or after 6 April 2016.
You don’t pay tax on Pension Credit.
What you’ll get
|Your circumstances||Guarantee Credit per week||Savings Credit per week|
|Single people||Top up to £159.35||Up to £13.20|
|Couples||Top up to £243.25||Up to £14.90|
(You might get more if you’re a carer, severely disabled or have certain housing costs)
If your circumstances change:
Phone the helpline if your circumstances change as this can affect how much you get. (For example, if your income or capital goes up or down).
Pension Service helplineTelephone: 0345 606 0265
Textphone: 0800 169 0133
Monday to Friday, 8am to 6pm
Changes to Assessed Income Periods (AIPs)
An AIP is a period when you don’t have to report changes to your pensions, savings or investments.
If you need to discuss anything relating to Pension Credit please pop into one of our Advice Centres at Bingham or Radcliffe. . .
Here to help – just ask