What can I expect from the State Pension?


The State Pension is a regular payment you can claim from the government when you reach State Pension age. Your age, gender and National Insurance record will affect the amount you’ll get and when you’ll be eligible to start receiving it.

How do I get it?

You need to claim your pension when you reach State Pension age. You can find out how to do this by visiting the government’s website. There’s also a simple calculator to show you when you’ll qualify for State Pension

If you wish, you can defer your pension until a later date. By doing this, you could get extra State Pension when you do decide to claim.

How much could I receive?

The amount you’ll receive depends on how much National Insurance you’ve paid.

  • If you reached the State Pension age on 6 April 2016 or later and you’re eligible, you’ll get the new State Pension. The amount you will receive will depend on your National Insurance record, for more detail see the government website.
  • To receive the maximum new State Pension requires a 35 year NI record. From April 2018 the new State Pension will be £164.35 per week. You will usually need at least 10 qualifying years on your NI record to get any State Pension.
  • You might also be able to claim pension credit. This is an income-related benefit which could top up the amount you receive each week. There’s more information about this on the UK government Pension Credit page.

Where to find more information

You can find out more by visiting the UK government page about State Pension.

Will I have enough to live on?

The new State Pension of £164.35 a week amounts to:

£8,546.20 a year.

You probably need to ask yourself if you could get by on this amount if you don't have a pension of your own, or any other ways to boost your income. This information is based on current understanding of legislation and is subject to change.

Don’t forget that you may have to pay tax on your State Pension. You can find out more by visiting the UK government page Tax when you get a pension

Please remember that your tax treatment will depend on your individual circumstances and may be subject to change in the future.

What if the State Pension isn’t enough?

If reading about the State Pension is making you think about your retirement income in general, we can help you with your planning.

My Retirement Planner: You can use this online tool to check how varying the amount you put into a private pension plan might affect your retirement income. It’s easy to use and only takes a couple of minutes. The Planner is only intended to help give you a rough indication of how things are going, and whether your plans are on course.

Budget planner: Helps you to get an idea of your monthly outgoings and start thinking about how much you can put aside each month.

You also may be able to claim other benefits when you retire such as reduced council tax or a bus pass.

Need some help?

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There’s a lot to think about when planning your retirement. Take a look at our

Frequently Asked Questions.