Pension Credit Rates 2026/27
The confirmed Guarantee Credit and Savings Credit rates, the rate history back to 2021/22, and when the next increase takes effect.
Current Rate — From 6 April 2026
| Element | Single | Couple |
|---|---|---|
| Standard Minimum Guarantee (Guarantee Credit) | £238.00/week | £363.25/week |
| Savings Credit — maximum | £17.96/week | £20.10/week |
| Savings Credit — income threshold | £208.07/week | £329.75/week |
Guarantee Credit tops up weekly income to the amount shown, plus any additions for severe disability, caring responsibilities, children, or housing costs. Savings Credit is only available if you (or your partner) reached State Pension age before 6 April 2016. By law, the Standard Minimum Guarantee must rise at least in line with average earnings growth each year — in 2026/27 it rose by 4.8%, matching the same earnings figure used for the State Pension triple lock.
Rate History — Standard Minimum Guarantee
| Tax year | Single | Couple | Change (single) |
|---|---|---|---|
| 2021/22 | £177.10 | £270.30 | +1.9% |
| 2022/23 | £182.60 | £278.70 | +3.1% |
| 2023/24 | £201.05 | £306.85 | +10.1% |
| 2024/25 | £214.50 | £327.40 | +6.7% |
| 2025/26 | £227.10 | £346.60 | +5.9% |
| 2026/27 | £238.00 | £363.25 | +4.8% |
Unlike most other means-tested benefits, the Standard Minimum Guarantee is not simply uprated by CPI inflation each year — legislation requires it to rise at least in line with earnings growth. This is why the year-on-year increase does not always match the CPI-based percentage applied to Universal Credit or JSA in the same tax year: 2025/26's 5.9% increase, for example, ran ahead of that year's general CPI-linked uprating to keep pace with wage growth.
Next Increase
| Detail | Date |
|---|---|
| Next rate change expected | 6 April 2027 |
| Uprating typically confirmed | Autumn Statement / Budget, ~November 2026 |
| Basis for the increase | Average earnings growth (or CPI/2.5%, whichever is highest, matching the State Pension triple lock) |
Official source: legislation.gov.uk — Social Security Benefits Up-rating Order, published annually. Cross-check the live rate against GOV.UK's Pension Credit guide before relying on it for a personal claim.