Pension Credit Calculator

Estimate Pension Credit Guarantee Credit entitlement based on income, pension and savings.

Last updated: April 2026 · Source: GOV.UK - Pension Credit

£
£

Estimated Weekly Pension Credit

£18.15

£78.65/month · £943.80/year

Guarantee Credit tops up weekly income to £218.15 (single).

No upper savings limit (unlike Universal Credit). Savings over £10,000: £1/week deemed income per £500.

Disclaimer

This calculator is provided for informational purposes only and should not be considered as financial or tax advice. All calculations are performed locally in your browser — no personal data is collected or sent to our servers. Rates and thresholds are sourced from HMRC and GOV.UK and are updated for the current tax year. Always verify results with HMRC or consult a qualified professional before making financial decisions.

How It Works

Pension Credit has two elements assessed independently. Guarantee Credit tops up weekly income to a minimum level: £218.15 for single claimants or £332.95 for couples in 2025/26. Your qualifying income includes State Pension, private pensions, earnings, and most benefits. If your assessed income falls below the appropriate minimum guarantee, the shortfall is paid as Guarantee Credit.

Savings Credit rewards people who made modest provision for retirement beyond the basic State Pension. It is only available to those who reached State Pension age before 6 April 2016. The maximum Savings Credit is £17.01 per week for singles or £19.04 for couples. It is calculated by taking 60% of qualifying income above the Savings Credit threshold (£189.80 single, £301.22 couple), then reducing by 40% of any income above the Guarantee Credit minimum.

Certain income is disregarded from the assessment: the first £10,000 of capital is ignored entirely, and each £500 (or part thereof) of capital between £10,000 and £99,999 counts as £1 per week of deemed income. Unlike means-tested benefits for working-age claimants, there is no upper capital limit that disqualifies you from Pension Credit entirely.

Single pensioner with State Pension and savings

  1. Weekly State Pension income: £185.50
  2. Savings of £18,000: first £10,000 ignored, remaining £8,000 = 16 x £1 = £16/week deemed income
  3. Total assessed weekly income: £185.50 + £16.00 = £201.50
  4. Guarantee Credit minimum for single person: £218.15
  5. Guarantee Credit payable: £218.15 - £201.50 = £16.65 per week (£866 per year)

Source: GOV.UK - Pension Credit

Frequently Asked Questions

What does the Pension Credit Calculator do?
Estimate Pension Credit Guarantee Credit entitlement based on income, pension and savings. All calculations are performed in your browser using official UK rates and thresholds.
Are benefit amounts accurate?
This calculator uses the published 2025/26 benefit rates. However, actual entitlements depend on a full assessment by the Department for Work and Pensions (DWP) and may differ from estimates.
How do I claim this benefit?
You can apply for most benefits through GOV.UK or your local Jobcentre Plus. Some benefits require an online application; others may require a phone call or paper form.