Frequently Asked Questions

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How should pension credits be treated?

Pension credits are of two types: Guarantee pension credit; and Savings pension credit.

Guarantee Pension Credit is payable to anyone over The Qualifying Age for State Pension Credit, and guarantees a minimum amount of income equivalent to income support. Receipt of guarantee credit passports to 100% grant in the same way as income support.

Savings Pension Credit is payable to anyone aged 65 or over, and may be paid in conjunction with, or separately from guarantee credit. If paid in conjunction with guarantee credit the guarantee credit passports to 100% grant. If paid by itself it is simply treated as income of the relevant person.