State Pension

When you stop working you’ll no longer have a salary and you usually won't get your state benefits until state retirement age. Have you thought about how you will replace your salary?

The Basic State Pension for the tax year 2010/2011 is:

£5,077.80 a year if you’re single
£8,120.32 a year if you’re a couple

Would this be enough for you to live on comfortably?

Please visit the Directgov website if you need further information about your state pension entitlement. You might also qualify for Pension Credit. In the tax year 2010/2011 this guarantees a payment of £6,895.20 a year if you’re single, or £10,524.80 a year if you’re a couple.

What are the changes to State Pension age?

Currently, the State Pension age is 65 for men born before 6 April 1959. For women born on or before 5 April 1950, State Pension age is 60.

The State Pension age for women born on or after 6 April 1950 will increase gradually to 65 between 2010 and 2020.

From 6 April 2020 the State Pension age will be 65 for both men and women.

Changes from 2024

Between 2024 and 2046 the State Pension age will increase for both men and women. This increase will be gradual, happening over two years every decade. The changes will mean that:

  • State Pension age for men and women will increase from 65 to 66 between April 2024 and April 2026
  • State Pension age for men and women will increase from 66 to 67 between April 2034 and April 2036
  • State Pension age for men and women will increase from 67 to 68 between April 2044 and April 2046

The age you can claim your State Pension will be determined by when you were born.

You can find out exactly when you will be able to claim your State Pension by using the State Pension calculator on the Directgov website.

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Tax rules and legislation may change. The information given is based on Standard Life's understanding of law and HM Revenue & Customs practice at May 2010.

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