What the state pension is worth?
Posted: 25 Apr 2016, 10:25If you want to get an idea of how much State Pension you'll receive when you retire, here's how to get a forecast and what you need to qualify for the various different payments.
State Pension
The new State Pension pays a single flat rate of £155.65 a week.
To receive for the full amount, you will need to have qualifying 35 years of National Insurance (NI) contributions or Credits. You will receive a lower amount if you have less.
You will need at least 10 years' contributions to get paid any new State Pension at all.
You can find out when you'll receive your State Pension by checking your State Pension age with GOV.UK online and if you want a quick estimate about how much you'll get, you can ask for a State Pension statement.
http://money.aol.co.uk/2016/04/25/how-t ... d%3D452301
State Pension
The new State Pension pays a single flat rate of £155.65 a week.
To receive for the full amount, you will need to have qualifying 35 years of National Insurance (NI) contributions or Credits. You will receive a lower amount if you have less.
You will need at least 10 years' contributions to get paid any new State Pension at all.
You can find out when you'll receive your State Pension by checking your State Pension age with GOV.UK online and if you want a quick estimate about how much you'll get, you can ask for a State Pension statement.
http://money.aol.co.uk/2016/04/25/how-t ... d%3D452301