Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, when Pension Credit was last (a) reviewed and (b) adjusted.

The rates of Pension Credit were last reviewed in Autumn 2023 as part of the Secretary of State’s annual statutory review of State pension and benefit rates. Following that review, the Pension Credit standard minimum guarantee was increased by 8.5%, in line with the percentage increase in average earnings, to £218.15 a week for a single pensioner and £332.95 a week for a pensioner couple, with effect from 8 April 2024. Other Pension Credit amounts, including the maximum rate of Savings Credit and additional amounts for those with a severe disability or caring responsibilities, were increased by 6.7% in line with price inflation.

The next review will be undertaken this Autumn with the new rates taking effect from 7 April 2025.