State pension + other income
Reg. 07380272 · England & Wales · Est. 2010
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Total Weekly Pension Credit
£38.15
Annual Equivalent
£1,983.80
Guarantee Credit
£38.15
per week
Savings Credit
£0.00
per week
Everything you need to know about Pension Credit in the UK
What is Pension Credit?
Pension Credit is an income-related benefit that tops up your weekly income to a guaranteed minimum level if you have reached State Pension age. It is designed to help pensioners on low incomes meet their basic living costs. There is no upper capital limit that disqualifies you entirely, although savings above £10,000.00 are assumed to generate a deemed income. Even if you have a workplace pension or some savings, you may still qualify. Pension Credit also acts as a gateway to other benefits such as free NHS dental treatment, help with heating costs, and council tax reductions.
What is Guarantee Credit?
Guarantee Credit is the main component of Pension Credit. It tops up your weekly income to a minimum guaranteed amount — currently £218.15 per week for single people and £332.95 per week for couples. If your total weekly income (including any deemed income from capital) is below this applicable amount, Guarantee Credit makes up the difference. Additional premiums are added to the applicable amount if you have a severe disability or are a carer, increasing the amount you can receive.
What is Savings Credit?
Savings Credit is an extra payment that rewards people who have made some provision for their retirement beyond the basic State Pension. It is available to people who reached State Pension age before 6 April 2016 (or whose partner did). The maximum Savings Credit is £17.01 per week for single people and £19.04 per week for couples. It is calculated based on how much your qualifying income exceeds the savings credit threshold, with reductions applied if your total income exceeds the applicable amount.
How does capital affect my claim?
Unlike many other means-tested benefits, Pension Credit has no upper capital limit — you can claim regardless of how much you have saved. However, capital above £10,000.00 is assumed to generate a ‘deemed income’ of £1 per week for every £500 (or part of £500) above the threshold. This deemed income is added to your actual weekly income when calculating your entitlement. Capital below £10,000.00 is completely ignored. Your home is not counted as capital.
Single Person Guarantee
£218.15 per week minimum income standard for single pensioners.
Couple Guarantee
£332.95 per week minimum income standard for couples.
Capital Disregard
First £10,000.00 of savings is completely ignored in the assessment.
Deemed Income Rate
£1 per week for every £500 (or part) of capital above the disregard.
Does Pension Credit unlock other benefits?
Yes, receiving Pension Credit — particularly the Guarantee Credit element — can unlock a wide range of additional benefits and concessions. These include full Council Tax Reduction, the Warm Home Discount scheme (£150 off your electricity bill), free NHS dental treatment and eye tests, help with NHS prescription costs, free TV licence (if aged 75+), Cold Weather Payments, and assistance with funeral costs through the Funeral Expenses Payment. It can also give you access to the Social Fund for budgeting loans. Even a small amount of Pension Credit can open the door to these valuable extras.
DWP-Aligned: This calculator uses official DWP rates and thresholds for the 2025/26 tax year (6 April 2025 – 5 April 2026). Results are indicative — for complex situations, consult a qualified adviser or contact the Pension Service directly.
This calculator uses official rates and thresholds from:
Last verified: February 2026 · Tax year 2025/26. Results are indicative — consult a qualified accountant for personalised advice.
Reviewed by M. Samiuddin Quadri, ACCA — Chartered Certified Accountant at Gladstone & Co. · Updated for the 2025/26 tax year.
Disclaimer: This calculator provides estimates based on current HMRC rates and thresholds for the 2025/26 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified accountant or tax adviser before making financial decisions. Read our terms