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Pension Credit

Asked by Mike AmesburyIndependentDepartment for Work and PensionsTabled Answered 31 October 2024UIN 11033

The question

To ask the Secretary of State for Work and Pensions, what assessment she has made of the adequacy of the current threshold for pension credit.

Answered by Emma Reynolds

The rates of Pension Credit are reviewed annually as part of the Secretary of State’s statutory review of State pension and benefit rates. The review for 2025/26 has been completed and its conclusions announced to Parliament. Subject to Parliamentary approval, the Standard Minimum Guarantee in Pension Credit will increase from £218.15 to £227.10 a week for a single pensioner and from £332.95 to £346.60 a week for a pensioner couple. The new rates will take effect from 7 April 2025.

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