What is Pension Credit?
There are two types of pension credit, Guarantee Pension Credit and Savings Pension Credit.
Guarantee Pension Credit
Guarantee Pension Credit tops up your weekly income to a guaranteed minimum level. The 2018/19 rates are:
- £163 for a single person
- £248.80 for a couple.
There are other elements that can be added dependant upon your circumstances:
- £64.40 if you suffer from a severe disability
- £36 if you are a carer
The amount you receive will depend upon any savings that you may have.
Savings Credit is extra money if you have savings or your income is higher than the basic State Pension. It is only available to people who reached State Pension age before 6 April 2016.
For 2018/19, you could get up to:
- £13.40 extra per week for a single person
- £14.99 for a couple.
What is Pension Credit Age?
Pension Credit age is due to gradually increase and will reach 66 by September 2020. Visit gov.uk to calculate when you will reach the qualifying age by using their State Pension calculator.
How Can Pension Credit Help Me?
Pension Credit can help you in a variety of ways. If you are in receipt of Pension Credit:
- It is unlikely that you will have to pay any council tax
- You will get a cold weather payment of £25.00 when the temperature is zero degrees or below for 7 consecutive days
- You will get free NHS dental treatment, help with paying for glasses and with hospital travel.
What if my Partner is Pension Credit Age and I Am Not?
If you are a couple and one of you has reached Pension Credit age, you can make a claim for Pension Credit. However, this is subject to future changes and mixed age couples will have to claim Universal Credit instead. Although it is unclear as to exactly what the changes will bring, it is possible the Universal Credit pension element will be less generous, so it is worth checking to see if you can make a claim now. If you are eligible, you can remain on Pension Credit and will not have to change to UC when the reform is implemented.
How Do I Make A Claim?
To claim Pension Credit you can call the Pension Credit claim line on 0800 99 1234 and they will complete a form for you over the phone. It would be helpful if you have the following information ready for the advisor:
- National Insurance number
- Bank account details
- Information about your income, savings and investments
- Information about your pension (if you have one)
- Partner’s details (if you have a partner)
If you require assistance to make a claim please contact our welfare team on 0300 304 5000 or via email firstname.lastname@example.org
For more information about Pension Credits, please visit the gov.uk website.