Pension Credit

Overview  

Pension Credit is an income-related benefit made up of two parts - Guarantee Credit and Savings Credit. 
 
Guarantee Credit tops up your weekly income if its below £167.25 (for a single person) or £225.25 (for couples). You may still be eligible if you have savings, a pension or your own home. Savings Credit is an extra payment for people who saved some money towards their retirement, for example a pension. 

See also: 

Further information on Pension Credit can be found on GOV.UK's website.