The State pension.

When you reach State Pension age, the UK Government may provide you with a regular income. By 2018, the age will be 65 for men and women.

From December 2018 the State Pension age for both men and women will start to increase, reaching age 66 by October 2020.

What will the State Pension provide?

The amount of State Pension you’ll get will depend on the number of years in which you’ve made National Insurance contributions. You may also be eligible for an Additional State Pension.

Find out more about the State Pension and Additional State Pension at

Is the State Pension enough to fund your retirement?

Think about whether the State Pension would adequately cover all of your outgoings at the moment. If you think you’ll manage to pay off your mortgage by the time you retire, you may still need to pay bills, buy food, and will probably want to continue doing the things that you enjoy now. The cost of eating out now and again, taking a summer holiday, or pursuing hobbies and sporting activities shouldn't be underestimated.

Relying on the State Pension as your sole source of income is tough - you might be surprised at how your lifestyle may have to change if you had to do so. You should consider making other arrangements to supplement the State Pension. You may already belong to, or have the opportunity to join, a pension through your employer. Or you can select a personal pension that best suits your needs from a wide range of providers.

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