Further information about pension credits opens new window. The government introduced pension credit in october 2003, a new type of means tested benefit for people over 60. A pension credit guarantee credit line will replace the minimum income guarantee one. If you are entitled to savings credit only. Pension credit is a benefit for people age 60 or over who have a relatively low income. The state pension credit 2002 act commencement no.

Child tax credit but not working tax credit and have a family income below £14, 155, as assessed by hm revenue & customs. Women and the state pension system. internet payment This guarantees a minimum level of income for pensioners. Mr & mrs x will be entitled to a savings credit award of £17. 3. For details on pension credit contact the pension service on 0800 99 1234 or 0800 100 6165 in northern ireland. A week if you are a couple savings credit.

Pension credit pension credit guarantees people aged 60 or over a minimum weekly income and rewards people with modest savings or second pensions. If you have any queries about pension credit you should telephone the freephone application line for advice. Combined state retirement pensions        £ 134. 7. How will the pension credit affect my benefit? Most recent figures from dwp pension credit estimates of take- up in 2004/ 2005, published today.

The pension credit calculator is available here. If you receive the guarantee credit element of pension credit, you will be asked to produce proof of your entitlement. Am i entitled to pension credit?

State pension credit: entitlement and amount section 1. The state second pension is rewardable under the pension credit on its introduction in october. This is because she gets extra pension credit. The introduction of pension credit. Work and pensions - third report. It can be paid on top of your state retirement pension.

You can apply for pension credit by freephone by calling us on 0800 99 1234 , textphone 0800 169 0133 8. 00am. Internet tools calculator compare pensions the bbc is not responsible for the content of external web sites. By rachelsmith 2 130 pension credit aip. A guaranteed credit passported pension credit and. In october 2003, pension credit replaced minimum income guarantee income support for people aged 60 or over.

The savings pension credit is for people aged 65 or over who have modest savings and capital and / or retirement income. You could still be able to get the guarantee credit if your weekly income is above these amounts if, for example you or your partner. Your money guides more on benefits and tax credits.

From december, this short application process will be extended to all new customers who call to claim pension credit. By sayo 6 397 non dep on pension credit. On 6 october 2003, pension credit replaced minimum income guarantee income support for people aged 60 or over. How to apply for pension credit.