State pension freeze: Lord Jones raises issue of ‘unfairness’
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Eligible Brits can claim State Pension once they reach the dedicated age, and for many top-up pension pots and help with retirement costs. The Government pays State Pension every four or so weeks, and in April 2021 those receiving the benefit saw a welcome boost.
The increase saw people over the age of 66 on the full state pension get a boost of 2.5 percent to their weekly amount.
This was a weekly rise of £4.40 on £175.20 to £179.60.
Those claiming the full state pension saw a boost of £19.01 a month, or £228.80 over the 2021/22 financial year.
The State Pension rises each year due to the triple lock scheme, with pensions rising in line with the highest out of inflation, average earnings or 2.5 percent.
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So when will you receive your State Pension?
The State Pension age for men and women is currently 66.
However, the state pension age will increase between 2026 and 2028 to 67-years-old.
With plans in place to put up the state pension age, you can use the Government’s calculator here to work out when you will be eligible for state pension payments.
You’re eligible for the basic state pension if you were born before:
- April 6, 1951, if you’re a man
- April 6, 1953, if you’re a woman
You’ll be able to claim the new State Pension if you’re:
- a man born on or after 6 April 1951
- a woman born on or after 6 April 1953
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How to claim State Pension
To be entitled to the new full State Pension, you will need to have made qualifying National Insurance contributions for 35 years.
This means you were either:
- working and paying National Insurance
- getting National Insurance Credits, for example for unemployment, sickness or as a parent or carer
- paying voluntary National Insurance contributions
State Pension does not start being paid automatically, so if you want to receive it and you have reached State Pension age – you will need to claim it.
There are three ways to do this
- Over the phone
- Download the State Pension claim form and send it to your local pension centre
To claim from abroad – visit the Government’s official website here.
You can also check how much State Pension you are forecast to receive when you do claim it.
The Gov.UK website has a handy State Pension forecast tool, which allows you to see what you could be eligible for.
You will need to sign in with a Government Gateway account or create one if you don’t have one.
Once you’ve logged in you’ll be able to see the amount you could get once you reach State Pension age.
However, the Government website warns the amount listed:
- is not a guarantee and is based on the current law
- is based on your National Insurance record up to April 5, 2021
- assumes that you’ll contribute the full 35 years
- does not include any increase due to inflation
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