DWP handing state pensioners £1,045 which is separate from regular payments
The Department for Work and Pensions is adding £17.96 onto older state pensioners’ incomes – thanks to Pension Credit. Savings Credit is the secondary part of Pension Credit, alongside Guarantee Credit. Pension Credit tops up your weekly income to £238 if you’re single and your joint weekly income to £363.25 if you have a partner. You may get extra amounts if you have other responsibilities and costs. The top up and extra amounts are known as ‘Guarantee Credit’. You could get the ‘Savings Credit’ part of Pension Credit if both of the following apply: you reached State Pension age before 6 April 2016 and you saved some money for retirement, for example a personal or workplace pension. READ MORE Three groups of UK households being handed council tax refund – full list You’ll get up to £17.96 Savings Credit a week if you’re single. If you have a partner, you’ll get up to £20.10 a week. At the upper end, for couples, it is worth £1,045. You might still get some Savings Credit even if …