Retirement benefits: rates and thresholds

People affected by dementia may be entitled to retirement benefits. Find out about the current rates and thresholds here. 

This page provides details of benefits rates and savings thresholds from April 2020 to March 2021.

Find out more about retirement benefits and how to apply for them, as well as details on a range of other benefits for people on low incomes, those with specific needs or who are caring for someone.

New state pension

Full rate: £175.20 weekly 

If you don’t have sufficient contributions you may be entitled to a reduced amount.

Old state pension

Basic pension: £134.25

Pension credit

Standard minimum guarantee

Your current income will be compared to the relevant amount below. If your income is less than this amount, guarantee credit tops you up to that amount.

Single person: £173.75 weekly

Couple: £265.20 weekly

Additional amount for severe disability: £66.95 weekly for a single person, or for a couple if one partner qualifies. It is £133.90 for a couple if both partners qualify.

Additional amount for carers: £37.50 weekly

Savings credit (maximum payable)

Single person: £13.97 weekly

Couple: £15.62 weekly

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