http://www.legislation.gov.uk/ukpga/2002/16/section/7/2015-09-21State Pension Credit Act 2002An Act to make provision for and in connection with a new social security benefit called state pension credit; and to amend section 47(1) of the Pension Schemes Act 1993.2002-07-01texttext/xmlenStatute Law Database2026-04-24Expert Participation2015-09-21 State Pension Credit Act 2002s. 19(2)(za)Welfare Reform Act 2012s. 75(2)s. 150(3)State Pension Credit Act 2002s. 1(2)(d) and wordWelfare Reform Act 2012s. 75(b)s. 150(3)State Pension Credit Act 2002s. 1(2)(c)(iii) and wordWelfare Reform Act 2012Sch. 4 para. 2s. 150(3)State Pension Credit Act 2002s. 1(3)(c) and wordWelfare Reform Act 2012Sch. 4 para. 3(a)s. 150(3)State Pension Credit Act 2002s. 3AWelfare Reform Act 2012Sch. 4 para. 4s. 150(3)State Pension Credit Act 2002s. 7(10)Welfare Reform Act 2012Sch. 4 para. 5s. 150(3)State Pension Credit Act 2002s. 3A(5)(a)Welfare Reform and Work Act 2016s. 20(8)s. 36(6)reg. 2(1)reg. 2(2)(3) 71This section applies where, pursuant to section 6(1), the Secretary of State on the making of the relevant decision specifies a period as the assessed income period.2This section has effect for the purpose of determining, as at any time in the assessed income period,—athe claimant’s entitlement to state pension credit; orbthe amount of state pension credit to which the claimant is entitled.3Where the claimant’s income, as determined for the purposes of the relevant decision, includes an amount (the “assessed amount”) in respect of an element of the claimant’s retirement provision, the amount of that element as at any time in the assessed income period shall be taken to be the assessed amount as for the time being varied in accordance with regulations under subsection (4).4The assessed amount shall be deemed, except in prescribed circumstances,—ato increase, orbin the case of income from capital, to increase or decrease,on such date or dates and by such amounts as may be prescribed.5Where it is determined for the purposes of the relevant decision that the claimant’s income does not include any, or any further, elements of retirement provision, the claimant’s income throughout the assessed income period shall be taken not to include those elements.6For the purposes of this Act “retirement provision” means income of any of the following descriptions—aretirement pension income, other than benefit under the Contributions and Benefits Act;bincome from annuity contracts (other than retirement pension income);cincome from capital;d PPF periodic payments,and an “element” of a person’s retirement provision is income of any of those descriptions from a particular source.7For the purposes of this section, regulations may make provision—afor treating income of any particular description as income of another description; orbfor treating income from different sources as income from the same source.8Nothing in subsections (3) to (5) prevents the revision under section 9 of the Social Security Act 1998 (c. 14) of the relevant decision or of any earlier or later decision under section 10 of that Act.9This section is subject to section 8.S. 7 partly in force; s. 7 not in force at Royal Assent, see s. 22(3); s. 7 in force for certain purposes at 2.7.2002 by S.I. 2002/1691, art. 2S. 7 in force at 6.10.2003 in so far as not already in force by S.I. 2003/1766, art. 2(a)S. 7(6)(d) added (14.2.2006) by The Pensions Act 2004 (PPF Payments and FAS Payments) (Consequential Provisions) Order 2006 (S.I. 2006/343), art. 1(1), Sch. para. 3(1)