Pension Credit

Work and Pensions written question – answered on 28th January 2002.

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Photo of David Wright David Wright Labour, Telford

To ask the Secretary of State for Work and Pensions when he expects to introduce the pension credit.

Photo of Ian McCartney Ian McCartney Minister for pensions, Department for Work and Pensions

Pension credit will be introduced from October 2003, so that no pensioner will need to live on less than £100 per week (£154 a week for couples). For the first time, we will reward—not penalise—savings, ensuring those who have worked hard to save modest amounts will gain from having done so.

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