What Is Pension Credit?
Pension Credit — What Is It and How Can I Get It
Pension Credit is a government benefit that helps top up income for people who are retired and on lower incomes. Many people are entitled but don’t realise they can claim — potentially missing out on thousands of pounds each year.
🟩 What Is Pension Credit?
Pension Credit is a means-tested benefit available to people over State Pension age who have limited income. It’s designed to ensure everyone has a minimum guaranteed level of income in retirement.
🟩 Two Types of Pension Credit:
Guarantee Credit
Tops up your income to a minimum weekly amount.Savings Credit (for some who reached pension age before April 2016)
Provides extra help for those with modest savings or private pension income.
🟩 Who Can Claim Pension Credit?
You must be over State Pension age.
Your income and savings must fall below certain thresholds (which change annually).
Couples are assessed on combined income.
Even if you own your own home or have small savings, you may still qualify.
🟩 Why Pension Credit Matters
It can boost your weekly income significantly.
It may also unlock other valuable benefits such as:
Council Tax reductions
Free TV Licence (if over 75)
Help with heating costs
Free NHS dental care and travel support
🟩 How to Apply
You can apply for Pension Credit:
Online at GOV.UK
By phone through the Pension Service
Or with help from a financial adviser or benefits adviser
The process is simple, and claims can often be backdated for up to 3 months.
✅ Summary Message:
If you or someone you know may be eligible, it’s worth checking. Many people who qualify for Pension Credit aren’t claiming — and could be missing out on thousands of pounds of valuable financial support.