The State Pension
Lesson 2 of 13 in our free Pensions guide: a 5-minute money game with the key points below.
This lesson is in the full version.
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Questions you'll answer
The full new State Pension is £241.30 a week. Roughly how much is that a year (52 weeks)?
State Pension age is currently 66. What's happening to it?
Quick facts
- Fact: “You usually need 35 qualifying years of National Insurance for the full new State Pension.” — Fewer years means a smaller amount. At least 10 years is usually needed to get any.
- Myth: “The State Pension is paid automatically at State Pension age without you doing anything.” — You usually have to claim it — you should get a letter, but you can claim online.
- Fact: “You can check your State Pension forecast online.” — Gov.uk lets you check your forecast and National Insurance record.