Pension Credit is an entitlement for people aged 60 or over. Introduced from October 2003, it could mean extra money for you every week. It guarantees everyone aged 60 and over an income of at least:

• £102.10 a week if you are single; or
• £155.80 a week if you have a partner

For the first time, people aged 65 and over will be rewarded for some of their savings and income they have for their retirement.

In the past, those who had managed to save a little were no better off than those who had not saved at all.

Pension Credit will change this by giving new money to those who have saved – up to:

• £14.79 if you are single; or
• £19.20 a week if you have a partner.

The person who applies for Pension Credit must be at least 60. It does not matter if their partner is under 60.

We use "partner" to mean your husband or wife, or a person you live with as if you are married to them.

As long as you apply before October 2004, we will backdate any money due to you from October 2003 or the date of your entitlement if that is later.

If you would like to get an estimate of how much Pension Credit you may be entitled to, you can use the Pension Credit calculator on The Pension Service website.

www.thepensionservice.gov.uk/pensioncredit/calculator

Pension Credit is money you could be entitled to. Pick it up. It's yours.

Times Recommends

• How to sell your home in a downturn
• How to boost your spending power
• Unemployment benefits explained