Guaranteed Pension Credit is a government benefit that forms part of Pension Credit. It is designed to ensure that anyone on a low income gets a guaranteed minimum retirement income. There are two forms of Pension Credit: Guarantee Credit and Savings Credit. Guarantee Credit is the part of Pension Credit that tops up your weekly income to a minimum amount. Under the Guarantee Credit, you will get a weekly income of at least £201.05, or £306.85 for couples in the 2023/24 tax year. To be eligible for Guarantee Credit, you must have reached State Pension age, live in the UK, and have a weekly income below a certain limit. The income used to assess eligibility is your weekly income from all sources, including your state pension, personal pension, and workplace pension. Couples cannot claim Guarantee Credit until they have both reached State Pension age, except if one of them is at or above State Pension age and is claiming housing benefit for the couple. If your income already exceeds the Guarantee Credit levels, you may still be able to claim it if you meet certain criteria.

