State Retirement Pension
This is an income replacement benefit for people of pensionable age (65 for men, 60 for women). There are different types of Retirement Pension. The client can get a forecast of the amount of pension by contacting the Pension Service. Benefit can be increased by putting off claiming for up to 5 years after pensionable age. A client should get advice about this first. Retirement Pension cannot be paid at the same time and to the same person as any other income replacement benefit.
Pension Credit
This is a means-tested benefit for people aged 60 and over. It is made up of two elements:
Guarantee Credit, a means-tested benefit which has replaced Income Support for people aged 60 and over; and
Savings Credit, a means-tested benefit for people aged 65 or over which rewards modest income from savings and pensions over the basic Retirement Pension levels.
A key feature of Pension Credit is that there is no capital limit.A claimant may be entitled to either or both types of Pension Credit.
Pension Credit Housing Costs
Occupational Pensions
War Disablement Pensions
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