Access level : Guest user (not logged in)

Home

Pension guide

Send to a friend

 

 Pensions

 • This guide
 • Overview

 State Pensions

 • Overview
 • Basic State Pension
 • Additional Pension
 • Other State Benefits
 

1. 

GRB

 

2. 

Additional age allowance

 

3. 

Minimum income guarantee

 

4. 

Pension credit

 

5. 

Other benefits

 • General information
 • Further information
 • FAQ

 Company Pensions

 • Overview
 • Defined benefit
 • Defined contribution
 • Further information
 • FAQ

 Individual Pensions

 • Overview
 • Investment
 • Annuities
 • FAQ

 Glossary

 • View Glossary

 Simple Calculators

 • State Pension Age
 • Basic State Pension
 • Lifespan
 • Personal Pension

  Other State Benefits


Minimum Income Guarantee

The minimum income guarantee (MIG) was (the MIG is being incorporated into the new pension credit effective from April 2003) a state pension benefit designed to supplement your income if it falls below a certain threshold.
From April 2002 the MIG was £98.15 per week for a single person and £149.80 per week for a married couple. However it may be higher in certain circumstances such as if you
  • are disabled and live alone or with another disabled person
  • are a carer getting invalid care allowance
  • have certain housing costs that are not covered by Housing Benefit
  • or your partner get child benefit
If you are not sure than contact your local social security office.
The MIG has become an element of the pension credit from April 2003 so read the guide to the Pension Credit for further information.

Frequently Asked Questions (FAQ)

Read our FAQ sections covering State Pensions, Company Pensions and Private Pensions.

Got a question?

If you have a pensions related question then please let us know.
If it's something other people would find useful then we will post an answer in our Frequently Asked Question (FAQ) area.

Free calculators for your website

Get the FREE Pension calculators from Essential Pensions.
No money, no registration, just include one line of HTML in your web page.

Tell your friends!

Tell a friend about Essential Pensions. Send an automatic message to your friends email account about the site.


State Pension estimate

Use our online calculator to get an estimate of your basic state pension.

Its free and simple to use you can even include it on your own website!

Confused by investment?

Read the guide to investment in the pensions guide. It explains what you need to think about before investing for your retirement.

   

 

   

Contact Us | Feedback | Add to favourites | About us | Terms and conditions | Print Screen | Send to a friend

© Essential Pensions 2003-2008

Sponsored by Special Day Invitations, suppliers of Wedding Stationery
We stock a wide range of Floral Wedding Invitations