15. Pension credit
Pension credit (PC) is a benefit paid to people who have reached pension age (see here) whose income is below a certain level. You do not have to have paid any national insurance contributions to get PC. PC consists of two different elements:
•guarantee credit, designed to bring your income up to a minimum level; and
•savings credit, which is paid to some people who have been able to make provision for retirement over and above the basic state retirement pension.
You can qualify for either or both credits. The savings credit is being phased out.1Sch 12 para 89 PA 2014 The Pension Service (part of the Department for Work and Pensions) is responsible for the administration of PC.