UK State Pension

Big Ben, London, UK

The full rate of new State Pension is £221.20 a week.

The amount you can claim each week depends on your number of qualifying years.

You’ll need at least 10 qualifying years on your National Insurance record to get the basic State Pension.

The basic State Pension and full State Pension payments will increase over time, and are normally the most secure and lucrative retirement investments that UK citizens can make.

Until 5th April 2025 you can buy back any missing years (since 2006) with voluntary contributions.

If you changed jobs, lived overseas or were self-employed, you may have gaps in your NI record.

The State Pension Triple-Lock

The current Labour government have committed to continuing the UK State Pension increases each April in line with whichever of the
below three measures is the highest:

  • Inflation in the September of the previous year, using Consumer Prices Index (CPI)
  • The average increase in total wages across the UK for May to June of the previous year
  • or 2.5%

The Triple Lock system ensures the value of the State Pension was not overtaken by the increase in the cost of living or the incomes of working individuals.

For many individuals, making voluntary contributions where possible is a smart move for retirement, however it can be a long process with HMRC.

The Pension Check’s State Pension service helps you check your records and fill in the gaps for the lowest cost.

Contact us now and speak with UK qualified advisors about your State Pension prospects.