Glossary · UK
What is State Pension?
A regular government payment in retirement based on your National Insurance record.
Full Definition
The State Pension is a regular payment from the UK government, available from State Pension age (currently 66, rising to 67 by 2028). The "new State Pension" (for those reaching SPA after April 2016) pays up to £230.25 per week (£11,973 per year) for 2025/26 — increased by 4.1% under the triple lock. You need 35 qualifying years of National Insurance contributions for the full amount, and at least 10 years to receive anything. Check your forecast at gov.uk/check-state-pension. Voluntary Class 3 NI contributions (£17.75/week in 2025/26) can fill gaps.
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Disclaimer: Definitions are for guidance only. For decisions about your tax, savings, property or pension situation, always consult a qualified professional or refer to gov.uk.