State Pension

If you were born before the 6th of April 1951 or a female born before the 6th of April 1953.

The basic State Pension is a regular payment from the government that you can get if you reached State Pension age before 6 April 2016.

To get it you must have paid or been credited with National Insurance contributions.

The most you can currently get is £119.30 per week.

The basic State Pension increases every year by whichever is the highest:

  • Earnings - the average percentage growth in wages (in Great Britain)
  • Prices - the percentage growth in prices in the UK as measured by the Consumer Prices Index (CPI)
  • 2.5%

If you are a man born after the 6th of April 1951 or a woman after the 6th of April 1953 then you qualify for the new state pension

You can still get a State Pension if you have other income like a personal pension or a workplace pension.

The full new State Pension is £155.65 per week.

Your National Insurance (NI) record is used to calculate your new State Pension.

You will usually need 10 or more qualifying years to get any new State Pension.

The amount you get can be higher or lower depending on your National Insurance record. It will only be higher if you have over a certain amount of Additional State Pension.

You might have to pay tax on your State Pension.

Working after New State Pension age

You don’t have to stop working when you reach State Pension age but you’ll no longer have to pay National Insurance. You can also request flexible working arrangements.