Guarantee Credit

E282251

Guarantee Credit is a means-tested element of the UK Pension Credit system that tops up the weekly income of pensioners to a minimum guaranteed level.

All labels observed (1)

Label Occurrences
Guarantee Credit canonical 1

How this entity was disambiguated

Statements (40)

Predicate Object
instanceOf component of Pension Credit
means-tested benefit
administeredBy Department for Work and Pensions
ageCondition qualifying age aligned with State Pension age for women
applicableInJurisdiction England
Northern Ireland
Scotland
Wales
benefitsSystem UK social security system
benefitStructure guaranteed minimum standard of living for pensioners
benefitType income-related benefit
calculationBasis difference between assessed income and guaranteed minimum level
claimProcess claimed from Pension Service
country United Kingdom
eligibilityCriterion claimant has reached qualifying age for Pension Credit
low income in retirement
means-tested on capital and savings
means-tested on income
ignoresPartiallyOrFully some carers benefits
some disability benefits
interactionWithOtherBenefits can increase entitlement to Council Tax Reduction
can increase entitlement to Housing Benefit
passport to maximum Housing Benefit in legacy system
introducedAsPartOf Pension Credit
introducedByGovernment Labour governments of the United Kingdom
surface form: UK Labour government
introducedInYear 2003
legislatedUnder Pension Credit
surface form: State Pension Credit Act 2002
linkedComponent Savings Credit
partOf Pension Credit
paymentFrequency weekly
paymentMethod paid into bank or building society account
purpose to reduce pensioner poverty
to top up weekly income to a minimum guaranteed level
replacedOrSuperseded Minimum Income Guarantee for pensioners
takesAccountOf State Pension income
certain other social security benefits
earnings
occupational and personal pension income
targetGroup pensioners
people over State Pension age

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Pension Credit hasComponent Guarantee Credit