PENSION CREDITS


Pension Credits were introduced by the Government on 6 October 2003.

The aim is to:
  • Ensure a minimum guaranteed income for pensioners.
  • Reward people who have modest savings
  • Significantly increase the number of pensioners who receive
additional financial help
The government’s Pension Service administers Pension Credits and deal with:
  • Claims
  • Issue payments
  • Customer contact
The new Pension Credit has two parts:

Guarantee Credit which replaced Minimum Income Guarantee and depending on your circumstances could still mean entitlement to 100% Housing and Council Tax Benefit.

Savings Credit is a Government allowance for pensioners who are 65 and over to reward them for some of their savings and income they have for their retirement.

The Pension Credit hotline operated by the Government’s Pension Service is
0845 60 60 265. Please note that this is not an Isle of Wight Council service.
You can also visit The Pension Service website or you can contact the local department
for Works and Pensions at:

Broadlands House
Staplers Road
Newport
Isle of Wight
PO30 2HX



Page last updated on: 02/10/2009