State Pension

There is a new flat-rate (single-tier) State Pension that has been introduced which has replaced the basic State Pension and additional State Pension. The full new State Pension will initially be £155.65 per week. The amount will be based on your National Insurance contributions history and individual circumstances.

If you reached your State Pension Age before 6 April 2016, you will receive a benefit based on the Pre 6 April 2016 system.

Understanding your State Pension is an important part of planning for your retirement. If you want to find out more you can visit www.gov.uk/new-state-pension.