Scottish independence 'won't affect pension' says Webb
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Over the last few years, the State Pension age has undergone major changes. So the age one person gets their State Pension may be different to another person. Read on to find out when you will be able to get your State Pension.
What age will I get my State Pension?
The earliest age someone can start claiming their State Pension is dependent on their date of birth.
At the moment, the State Pension age for men and for women is 66.
For some women, this means they will get their State Pension six years after they previously were able to get it.
There are plans to increase the State Pension age in the future to 67 by 2028.
Between 2037 and 2039, the State Pension age could increase to 68.
However, the State Pension age is under review and could be subject to change in the future.
People can check the earliest age they can start getting their State Pension HERE.
The website asks you to enter your date of birth to find out what you’ll be able to claim your State Pension from.
State Pension payments are not made automatically when someone reaches State Pension age.
So someone can keep working past their State Pension age if they want to and claim their pension when they are ready.
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How much State Pension will you get?
The new State Pension is calculated based on the claimant’s National Insurance (NI) record.
Currently, the new full State Pension is £179.60 for 2021/2022.
But a claimant must usually have 35 qualifying years of National Insurance contributions to get the full amount, if they did not have a NI record before April 6, 2016.
To get any new State Pension, claimants must usually have at least 10 qualifying years on their National Insurance record.
Qualifying years count for a year of work where someone earned over £184 per week from one employer, or if they paid National Insurance contributions while being self-employed.
People can still get qualifying years if they aren’t working and are claiming certain benefits too.
The State Pension rises every year in line with the Government’s ‘triple lock’ guarantee.
To find out how much you could get when you claim your State Pension, use the Government website HERE for a State Pension forecast.
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