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State pension

Most UK residents are entitled to a state pension. At the time of writing, the basic pension is worth around £160 per week, however you may get more or less than this full amount, depending on your individual circumstances. It's important to get planning early if you feel you'll need more income in retirement.


The new UK state pensionfinance strength

The state pension is based on your national insurance contributions and you are able to claim the new state pension if you are:

  • A man born on or after 6 April 1951.
  • A woman born or after 6 April 1953.

If you reached the state pension age before 6 April 2016, you'll get the state pension under the old rules.

Your state pension age is the earliest age you can start to receive your state pension. Your state pension age is worked out based on your gender and date of birth. You can keep working after you reach the state pension age as the default retirement age i.e. from 65, no longer exists in the UK.

New plans announced in July 2017 now mean that the rise in the pension age to 68 will now happen in 2039, which will affect people born between 6 April 1970 and 5 April 1978.

Between October 2018 and October 2020, the state pension age will start to increase for both men and women to reach 66 by 2020.

The UK Government is planning further increase, which will raise the state pension age from 66 to 67 between 2026 and 2028. The rise in pension age to 68 will now happen in 2039, rather than 2046 as was orinally proposed, according to the announcements made in July 2017.

The changes to the state pension are aimed at bringing women's state pension age into line with men's, and it takes into account of everyone living longer.

You can check your state pension age by using the UK Government's state pension calculator >more  Please note, by clicking on this link you will leave this website and we do not have responsibility for the content of any external website.

Marital status and your state pensioncare

If you are a married woman who has not accumulated enough years of paying NI, you may be able to receive a state pension based on your husband's NI contributions. This is provided he is already claiming a basic state pension and you are of state pension age.

For widows, widowers and surviving civil partners, you may be able to get a state pension based on your late spouse's NI contributions.

If you are divorced, or your civil partnership has dissolved, and you find your NI contributions limit your available state pension, you may be able to claim a basic state pension based on your former spouse's NI contributions, even if they are not currently claiming their state pension.

State pensions and retirement

It is possible to carry on working, full or part time, after starting your state pension. In this case, your pension will not be affected by your earnings. However, if your state pension is increased due to a dependent, their earnings will affect how much you receive for them.

If you don't need your state pension when you reach retirement age, and put off claiming it by five weeks or more, you can receive a higher income from the state – although you cannot back-date your pension for the weeks unclaimed.

Contact our state pensions advisers to arrange an appointmentTimeMgt

While we are based in Glasgow, we are happy to travel to visit clients across Scotland and the rest of the UK. For free initial state pensions advice from our experienced financial advisers, contact us on 0141 272 0000 or fill out our online enquiry form.