Although Mark will be entitled to a credit towards the basic state pension, that credit does not count towards the S2P.

BBC: Pensions questions answered

If the state pension were broadly sufficient to meet pensioners' basic needs, the pension credit introduced by Gordon Brown to help the poorest among them would wither on the vine.

ECONOMIST: Pensions

The basic idea of credit is simple: you borrow money, pay interest to the creditor and ultimately repay the loan in good faith.

FORBES: Now For A Taste Of Some Austrian Economics