DWP new Pension Credit rate for April as millions to get £300 boost

Pension Credit is set to see a significant boost in April, with some seeing an increase of £300 a year.

Pension Credit is issued as a top-up for those over the state pension age and living on a low income. Currently, the benefit provides £3,900 a year, however, this is due to go up in April.

Those over the state pension age and on low income will see a direct change to their benefits if they claim Pension Credit. The benefit is one among many that will receive an increase from April 8 of 6.7 per cent - in line with September's Consumer Price Index (CPI).

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This means for single component claimants, Pension Credit will rise from £201.05 a week to £218.15 a week while the couple component will rise by £206.85 a week to £332.95 a week. Based on average yearly figures, the boost will see an increase of £300 a year for many.

The following shows the new weekly rates for 2024/25.