Introduced by the Welfare Reform and Pensions Act 1999, a pension credit is the amount used for the benefit of the ex-spouse of a member of an occupational pension scheme (www.practicallaw.com/8-107-6900) or a personal pension scheme (www.practicallaw.com/4-107-7001) under a pension-sharing order (www.practicallaw.com/4-205-8983). The scheme may either use the pension credit to provide benefits for the ex-spouse in the scheme, or pay it as a transfer payment to another registered pension scheme (www.practicallaw.com/5-201-6474). See also pension debit (www.practicallaw.com/5-205-8987).