PENSION CREDIT

Pension Credit was introduced from October 2003 and replaced Income Support for people over 60. The new credit also provides a top up for people with modest incomes, from pensions or other sources, over the level of the basic State Retirement Pension. This is to answer the criticism, long voiced by pensioner’s groups, that there was no point in having made a modest provision for retirement—by an occupational or personal pension—since it was just deducted from entitlement to Income Support, Housing Benefit and other means-tested provision. This was always a valid point and the saving credit goes some way to addressing the issue.

Main eligibility criteria

Someone is eligible for the guarantee credit if he:

Is aged 60 or over
Is present and habitually resident in Great Britain
Has a qualifying income over the savings credit threshold, but not too high to produce an award.

Entitlement to Pension Credit is linked to a minimum age at which a women can qualify for retirement pension, which is currently 60. This will rise between 2010 and 2020.

To obtain a Pension Credit Form Tel: 0800 991 234

Entitlement to Pension Credit is linked to a minimum age at which a women can qualify for retirement pension, which is currently 60. This will rise between 2010 and 2020.
To obtain a Pension Credit Form Tel: 0800 991234