Pension Credit
2007
81.35
52.70
105.40
79.10
52.70
52.70
2008
84.50
54.80
109.60
82.20
54.80
54.72
2009 COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS 88.75 57.50 115.00 86.25 57.50 57.44 2010 90.10 58.40 116.80 87.60 58.40 58.32 2011 92.90 60.20 120.40 90.30 60.20 60.12 2012 97.75 63.30 126.60 94.95 63.30 63.24 2013 99.90 64.70 129.40 97.05 64.70 64.64 2014 102.60 66.40 132.80 99.60 66.40 66.40 2015 103.85 67.20 134.40 100.80 67.20 67.20 2016 103.85 67.20 134.40 100.80 67.20 67.20 2017 104.90 67.88 135.80 101.85 67.90 67.88 2018 108.05 69.92 139.80 104.85 69.90 69.92 2019 110.65 71.60 143.20 107.40 71.60 71.60 2020 112.55 72.80 145.60 109.20 72.80 72.80 2021 113.10 73.20 146.40 109.80 73.20 73.20 N.B. Constant Attendance Allowance - part-time workers receive benefit at 50% of the normal maximum rate. PENSION CREDIT The credit was introduced on 6th October 2003 and consists of two elements: • a Credit Guarantee (income guarantee) - of a minimum income below which no pensioner’s income need fall, and • a Savings Credit (reward) - for those who save for retirement Qualification To qualify the claimant must be resident in Great Britain, have attained the qualifying age, and to qualify: a) for Guarantee Credit: • have attained the minimum qualifying age for women to receive the basic state retirement pension (currently 60 years) • have no income or income which does not exceed the minimum guarantee; b) for Savings Credit: • have attained the age of 65, or • be a member of a married couple or unmarried couple where the other member has attained that age, and No printing, copying or reproduction permitted.
355
Made with FlippingBook - Online magazine maker