Savings Credit, which is only available to those who reached state pension age before April 6, 2016, pays out up to £14.04 a week to single pensioners and £15.71 to couples.

From April 11, 2022, the rates of both Guarantee Credit and Savings Credit will increase.

Guarantee Credit recipients will get up to £182.60 if they are single or £278.70 if they have a partner.

Savings Credit will pay out up to £14.48 to single claimants and £16.20 to couples.