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State Pension

Information on the UK State Pension age, State Pension amount and more about your basic retirement income.

Understanding the UK State Pension

When can I receive the State Pension and how much will I get? We answer this and other questions below, to help you understand the State Pension and how it might affect your income in retirement.

What is the State Pension?

The State Pension is a regular payment from the Government. It is usually paid every 4 weeks from State Pension age until death.

Who is entitled to the State Pension?

To be eligible for the State Pension you must have reached State Pension age and have paid at least 10 years of National Insurance (NI) contributions. To receive the full State Pension you must have paid 35 years of NI contributions.

If you have never worked, and therefore never paid NI, you may still be eligible for the State Pension if you have received certain state benefits, for example carer’s allowance or Universal Credit.

How much is the State Pension?

For the current tax year 2024/25, those entitled to the maximum State Pension will receive £221.20 per week.

This is based on 35 years of full National Insurance (NI) contributions and/or NI credits.

Does the State Pension increase each year?

The basic State Pension increases each year by at least 2.5%. it could be more if the rate of inflation or the average earnings growth is more than 2.5%. If you retire abroad, this may not apply – check whether you’ll still receive increases each year.

Rewire your retirement

How are you planning on making the most of your time in retirement? Visit our Rewirement page to find articles on everything from lifestyle to finance to help you enjoy your colourful retirement.

Next steps

Have you considered the impact of tax in retirement? Try these resources:

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Need some help?

Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and using available guidance and advice, before you buy:

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Retirement guidance

Pension Wise from MoneyHelper

The government’s free and impartial service, offering guidance to make money and pension choices clearer.

To find out more or book an appointment online click below or call.

0800 138 3944

Monday to Friday 8am to 6.30pm.
Calls may be recorded and monitored.

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Retirement advice

Retirement Advice Service from Legal & General

Our advisers are experts in retirement regulated by the Financial Conduct Authority, so you can trust them to provide impartial advice and a personal recommendation that’s right for you.

0121 221 2724

Monday to Friday 9am and 5pm.
Calls may be monitored and recorded.

Speak with us

Speak with us

Our colleagues in Cardiff are always happy to answer your questions or help you apply for a quote.

0808 296 7335

Monday to Friday 9am to 5pm.
We may record and monitor calls.