House of Commons - Explanatory Note
State Pension Credit Bill [HL] - continued          House of Commons

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Annex B

ILLUSTRATIVE FIGURES FOR PENSION CREDIT IN 2003

The tables below show the amount of Pension Credit in 2003. The figures are illustrative. The single pensioner shown is assumed to have a full basic state pension of £77 a week, and the pensioner couple are assumed to have a combined state pension of £123 a week. In both cases, all other pre-Pension Credit income comes from a second pension or savings.

Single pensioners

Single pensioners
£ per week 2003-04

Your Pension Credit

Your Basic State Pension plus income from savings or second pension

Income from savings or second pension

Guaranteed income
top-up

Savings credit

Your income including Pension Credit

77.00

0.00

23.00

-

100.00

78.00

1.00

22.00

0.60

100.60

79.00

2.00

21.00

1.20

101.20

80.00

3.00

20.00

1.80

101.80

81.00

4.00

19.00

2.40

102.40

82.00

5.00

18.00

3.00

103.00

83.00

6.00

17.00

3.60

103.60

84.00

7.00

16.00

4.20

104.20

85.00

8.00

15.00

4.80

104.80

86.00

9.00

14.00

5.40

105.40

87.00

10.00

13.00

6.00

106.00

88.00

11.00

12.00

6.60

106.60

89.00

12.00

11.00

7.20

107.20

90.00

13.00

10.00

7.80

107.80

91.00

14.00

9.00

8.40

108.40

92.00

15.00

8.00

9.00

109.00

93.00

16.00

7.00

9.60

109.60

94.00

17.00

6.00

10.20

110.20

95.00

18.00

5.00

10.80

110.80

96.00

19.00

4.00

11.40

111.40

97.00

20.00

3.00

12.00

112.00

98.00

21.00

2.00

12.60

112.60

99.00

22.00

1.00

13.20

113.20

100.00

23.00

-

13.80

113.80

101.00

24.00

-

13.40

114.40

102.00

25.00

-

13.00

115.00

 

Single pensioners
£ per week 2003-04

Your Pension Credit

Your Basic State Pension plus income from savings or second pension

Income from savings or second pension

Guaranteed income
top-up

Savings credit

Your income including Pension Credit

103.00

26.00

-

12.60

115.60

104.00

27.00

-

12.20

116.20

105.00

28.00

-

11.80

116.80

106.00

29.00

-

11.40

117.40

107.00

30.00

-

11.00

118.00

108.00

31.00

-

10.60

118.60

109.00

32.00

-

10.20

119.20

110.00

33.00

-

9.80

119.80

111.00

34.00

-

9.40

120.40

112.00

35.00

-

9.00

121.00

113.00

36.00

-

8.60

121.60

114.00

37.00

-

8.20

122.20

115.00

38.00

-

7.80

122.80

116.00

39.00

-

7.40

123.40

117.00

40.00

-

7.00

124.00

118.00

41.00

-

6.60

124.60

119.00

42.00

-

6.20

125.20

120.00

43.00

-

5.80

125.80

121.00

44.00

-

5.40

126.40

122.00

45.00

-

5.00

127.00

123.00

46.00

-

4.60

127.60

124.00

47.00

-

4.20

128.20

125.00

48.00

-

3.80

128.80

126.00

49.00

-

3.40

129.40

127.00

50.00

-

3.00

130.00

128.00

51.00

-

2.60

130.60

129.00

52.00

-

2.20

131.20

130.00

53.00

-

1.80

131.80

131.00

54.00

-

1.40

132.40

132.00

55.00

-

1.00

133.00

133.00

56.00

-

0.60

133.60

134.00

57.00

-

0.20

134.20

135.00

58.00

-

-

135.00

 

 

Pensioner Couples £ per week 2003-04

 

Your Pension Credit

Your Basic State Pension plus income from savings or second pension

Income from savings or second pension

Guaranteed income
top-up

Savings credit

Your income including Pension Credit

123.00

0.00

31.00

-

154.00

124.00

1.00

30.00

0.60

154.60

125.00

2.00

29.00

1.20

155.20

126.00

3.00

28.00

1.80

155.80

127.00

4.00

27.00

2.40

156.40

128.00

5.00

26.00

3.00

157.00

129.00

6.00

25.00

3.60

157.60

130.00

7.00

24.00

4.20

158.20

131.00

8.00

23.00

4.80

158.80

132.00

9.00

22.00

5.40

159.40

133.00

10.00

21.00

6.00

160.00

134.00

11.00

20.00

6.60

160.60

135.00

12.00

19.00

7.20

161.20

136.00

13.00

18.00

7.80

161.80

137.00

14.00

17.00

8.40

162.40

138.00

15.00

16.00

9.00

163.00

139.00

16.00

15.00

9.60

163.60

140.00

17.00

14.00

10.20

164.20

141.00

18.00

13.00

10.80

164.80

142.00

19.00

12.00

11.40

165.40

143.00

20.00

11.00

12.00

166.00

144.00

21.00

10.00

12.60

166.60

145.00

22.00

9.00

13.20

167.20

146.00

23.00

8.00

13.80

167.80

147.00

24.00

7.00

14.40

168.40

148.00

25.00

6.00

15.00

169.00

149.00

26.00

5.00

15.60

169.60

150.00

27.00

4.00

16.20

170.20

151.00

28.00

3.00

16.80

170.80

152.00

29.00

2.00

17.40

171.40

153.00

30.00

1.00

18.00

172.00

154.00

31.00

-

18.60

172.60

155.00

32.00

-

18.20

173.20

 
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Prepared: 26 February 2002