State Pension: How to calculate your entitlement

Planning for retirement is close to the top of the agenda of many working Britons, as they envisage a life after their career. As a result, finding out what entitlements one can receive from the government is vital, as it can change how and when a person feels comfortable enough to finish work. The State Pension is a benefit offered by the government in response to a person contributing many years of National Insurance payments throughout their working life.


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Regular payments are provided to pensioners to assist with the cost of living, and the payment is often vital for many who have finished work.

As a maximum, those who retired before April 6, 2016, can expect to receive £135.25 per week. Those who retired after this date could be entitled to £175.35 weekly.

This is an increase under the triple lock mechanism, which sees the State Pension rise each year by whichever is the highest: average earnings, the rate of inflation or 2.5 percent – with the pension amount rising by 3.9 percent this year in line with average earnings. 

The government has provided valuable assistance to those who wish to check the money to which they could be entitled later on in life.

And accessing this information to work out one’s personal State Pension entitlements is a quick and easy process.

The government has created a tool by which those approaching retirement age, and those who are forward planning, can check an estimate of what they could later receive.

The tool asks users to enter relevant information such as their National Insurance number and other details of their working lives, to provide the Department for Work and Pensions (DWP) with a bigger picture of contributions.

It then provides potential and future claimants with information on what entitlement they could get and when it will be received.

The service also enables Britons to determine whether they can increase their State Pension, if at all possible.

This can be done through deferring withdrawal of the pension to a later date, or by speaking to a financial adviser about personal circumstances.

Additionally, there are a variety of helpful measures offered by the government to people who may need extra assistance.

This includes those on low income, or who are currently claiming benefits. 

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The government also explains when it could be right for a person to retire, dependent on their circumstances, income and desires for the future.

Within the coming days, the State Pension is due to undergo a significant change which could affect many Britons.

The age at which one becomes eligible to claim the benefit has usually been 65, however, government officials have decided to move up their agenda to shift the State Pension age to 66.

The change is taking place in increments, with those born between certain days affected imminently.

Those immediately affected by the change will be adults born between July 6, 1954 and August 5, 1954 – this age group will see their pension age immediately rise from 65 to 66.

And there are also plans to eventually move this age to 68 by 2042.

The government has stated the decision was made due to the increased life expectancy of adults in the UK.

Under estimates in 2017, a 65-year-old adult can expect to live for another 22.8 years on average, meaning 33.6 percent of their adult life is spent in retirement.

This is compared to 23 percent of life in retirement when the State Pension was introduced in 1948.

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