To ask Her Majesty's Government what is was the value of Pension Credit in each year since it was introduced from 2010–11; and what is their estimate of what that value would be from April 2018 if Pension Credit had been increased by the triple lock which has applied to the Basic State Pension.
Pension Credit was introduced in October 2003 and has a number of elements, including additional amounts for severe disability for example.
Table 1: Pension Credit Standard Minimum Guarantee for single claimants, 2010/11 to 2017/18
In 2018/19, the PC SMG will be £163.00 per week for single claimants. It is estimated that, if from 2010/11 the PC SMG had been uprated in the same way that the basic State Pension was uprated; then the PC SMG for single claimants would be £171.20 per week in 2018/19.