"Pension credit" Definition
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 Glossary   >   P   >   "Pension credit" Definition   

        Pension credit

A state benefit due to be introduced in 2003 which is intended to reward people who have saved for their retirement. Pensioners will receive a credit of 60p for each pound derived from a source other than the basic state pension, subject to an overall income limit of 135 per week for a single pensioner and 200 for pensioner couples.

Pension credit


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Pension credit - A state benefit due to be introduced in 2003 which is intended to reward people who have saved for their retirement. Pensioners will receive a credit of 60p for each pound derived from a source other than the basic state pension, subject to an overall income limit of 135 per week for a single pensioner and 200 for pensioner couples.


Pension credit : a state benefit due to be introduced in 2003 which is intended to reward people who have saved for their retirement. pensioners will receive a credit of 60p for each pound derived from a source other than the basic state pension, subject to an overall income limit of 135 per week for a single pensioner and 200 for pensioner couples.