Dataset: Pension Credit caseload
Description
Pension Credit is an income-related benefit made up of 2 parts - Guarantee Credit and Savings Credit.
Pension Credit (Guarantee Credit) tops up any other income to a standard minimum amount (Standard Minimum Guarantee). There are additional amounts for those who are severely disabled, have caring responsibilities or certain housing costs.
To be entitled to Guarantee Credit, the claimant must have reached the qualifying age (women’s state pension age) and live in Great Britain. A couple, where only one has reached the qualifying age can currently chose to claim Pension Credit.
Partner in this term refers to; your husband, your wife, your civil partner or the person you live with as if they were your husband, wife or civil partner.
Pension Credit (Savings Credit) is an extra amount for those 65 and over, who reached state pension age before 5th April 2016 and have made some additional provision for their retirement, for example through a private pension or savings.
Pensioners receive 60 pence of Savings Credit for every pound of qualifying income between the savings credit threshold and the Standard Minimum Guarantee. For those who have income above the Standard Minimum Guarantee and any additional amounts they are entitled to (the Appropriate Amount) the Savings Credit Maximum is reduced by 40 pence for every pound of income above that level.
The savings credit is only applicable to people aged 65 or over. In the case of a couple if either of the couple is aged 65 or over the savings credit may be payable. Some people will be entitled to the guarantee credit, the savings credit or both.
Recording and clerical errors can occur within the data source - for this reason, no reliance should be placed on very small numbers obtained through Stat-Xplore.
Statistical disclosure control has been applied with Stat-Xplore, which guards against the identification of an individual claimant.
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