Understanding The UK State Pension: What You’ll Get

Ever wondered how much you'll get from the UK State Pension and how it all works? This video breaks down everything you need to know about the Basic State Pension, New State Pension, and Pension Credit in the UK. We explain how your National Insurance contributions impact your pension amount and what you can expect when you retire.

The UK State Pension is a regular payment from the government that you can claim when you reach State Pension age. The full New State Pension is currently £203.85 per week, but what you get depends on your National Insurance record. To receive the full amount, you need 35 qualifying years of National Insurance contributions. If you have fewer than 35 years, you will receive a proportionate amount.

For those who reached State Pension age before 6 April 2016, the Basic State Pension is £156.20 per week if you have 30 qualifying years of National Insurance contributions. If you have fewer than 30 years, you will get less than the full amount. You can top up your State Pension by making voluntary National Insurance contributions, which is especially useful if you have gaps in your National Insurance record.

There are additional benefits such as the Additional State Pension, which includes the State Earnings-Related Pension Scheme (S E R P S) and the State Second Pension (S2 P). The amount you get depends on your earnings and National Insurance contributions. You might also be eligible for Pension Credit if you are on a low income, with Guarantee Credit topping up your weekly income if it’s below £201.05 for a single person or £306.85 for a couple.

Deferring your State Pension can also affect what you get. If you delay claiming your State Pension, you could get extra money when you do start to claim it. For every nine weeks you defer, your State Pension increases by 1 percent. This works out to just under 5.8 percent for every year you defer.

Claiming your State Pension is straightforward. You should receive a letter from the D W P about four months before you reach State Pension age. You can claim online, by phone, or by post. Make sure to have your National Insurance number handy and decide how you want to be paid, whether that's weekly or every four weeks.

What You Can Do Next
Check your National Insurance record online to see if you have any gaps.

Consider making voluntary National Insurance contributions if you have fewer than the required qualifying years.

Decide if deferring your State Pension is right for you based on your financial situation.

Keep an eye out for your letter from the D W P about four months before you reach State Pension age.

Claim your State Pension online, by phone, or by post.

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[joprocter]

All the many times pension didnt go up with all else that increased...
Question
If it had increased with inflation WHAT WOULD BE PROPER VALUE NOW??
£539 A WEEK ??

[kaseycornflakes]

Why do we have a two tier pension with the one paying some £50 per week more than the other?

[DavidGriffiths-np]

Fascinating - US dollars, Euros, why use all US video footage for what should be a UK video?

[darrylashton]

I retire on the 10th of November 2025. I am retiring to the Philippines to retire and live. Do I contact the DWP and claim my pension four months before I go and quote my new address in the Philippines and my new joint bank account tok in mine and my new wife's name? So they'll have all the details before I emigrate? And I get a letter from the DWP to confirm this? Is this correct?

I hope you can advise me.

Thank you..

From

Darryl Ashton

[seansweeney]

Let’s take the example of Abdul, he’s 65 and just broke in to the country…….he will get the same benefits as anybody else, just under a different scheme. Hope this helps!!

[patwarburtonr]

Let us invite God into our lives because He is good. Praise the Lord by whom all blessings flow.Thank Him for all His blaessings and grace today. 🙏 🙏

[martinfreer]

I’m 66 in December and still haven’t received my letter

[kaseycornflakes]

Why does the media keep peddling the facts and figures of the NEW pension scheme when two thirds of pensioners on are the OLD scheme paying some £50 a week less, and certainly FAR less than the £470 raise quoted for next April.

[speedster]

Don’t delay taking it, if you pop your clogs the monies gone!

[loritabarber-iwfy]

The British state pension is one of the poorest in the western worldwhy?😮😮😮😮

[JanetWinter-ho]

This video is misleading. If you paid contracted out contributions you will loose some or all of the increase under the New State Pension. I have 44 qualifying years but have a civil service pension of £10k per year so loose £2400 per year from the state pension.

[ЕленаФирсова-цм]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[joprocter]

Only get what your given..foreign national will get whole shedig BUT if your adult kids took you abroad to look after you they gov dont increase your pension .they leave you pauper with people who lifted government care of you feeling shxx

[barriereid]

HMP Plague Island has the lowest pension rates in Europe and is the worlds six richest country.