Pension Credit is an income-related benefit made up of 2 parts - Guarantee Credit and Savings Credit. Guarantee Credit tops up your weekly income if it’s below £167.25 (for single people) or £255.25 (for couples). Savings Credit is an extra payment for people who saved some money towards their retirement, for example a pension. You may not be eligible for Savings Credit if you reached State Pension age on or after 6 April 2016. You do not pay tax on Pension Credit. You might get more if you’re a Carer, severely disabled, responsible for a child or young person, or have certain housing costs.