Since the introduction of pension credit in 2003, up to 31 October 2006, 160,600 overpayments of pension credit have been identified and recorded on systems. They represent a total of £56.07 million of overpayments. The average of each debt is approximately £350.
During 2005-06, the pension credit overpayments identified and recorded on systems represented 0.21 per cent. of the expenditure on pension credit in that year.
In addition, a further 29,600 official error and small overpayments were identified although not formally recorded on systems. Their value was estimated at £4.9 million.