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 UK Labour government ⓘ
introducedInYear 2003 ⓘ
legislatedUnder State Pension Credit Act 2002 ⓘ
linked to: Pension Credit
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 ⓘ