What does the new State Pension mean for your retirement?

The new State Pension came in on 6 April 2016. Here's what it might mean for you.

Did you know?

• The full State Pension is £221.20 per week for tax year 2024/2025.
• You’ll need at least 10 years of National Insurance (NI) to qualify for the State Pension and 35 years to get the full amount – an increase of five years from before.
• You can get your State Pension when you reach State Pension age. The age for women is gradually increasing to 65 by 2018 to be the same as it is for men. It will then increase for both men and women to 66, 67 and 68 in future years and will continue to be reviewed.
• You can apply online for a State Pension statement to see how much you’ve built up so far (including any NI gaps), and how much State Pension you’re on track to receive. Go to www.tax.service.gov.uk/checkmystatepension.

Need some help?

• Call the Pensions Advisory Service’s dedicated helpline for Tesco colleagues on 020 7630 2716 for questions on State Pension, tax and retirement planning in general. Or go to www.PensionsAdvisoryService.org.uk.
• Call the Tesco Pension Helpline on 0345 070 0090 for questions about the Tesco Retirement Savings Plan and the closed Tesco pension scheme. Or have a look around this site for lots more info.

Watch our Q&A mini video clips for more information.