The New State Pension
The new State Pension will be a regular payment from the government that you can claim if you reach State Pension age on or after 6 April 2016.
You’ll be able to get the new State Pension if you’re eligible and:
- a man born on or after 6 April 1951
- a woman born on or after 6 April 1953
The new State Pension will replace the current State Pension scheme. You’ll get your State Pension under the current scheme if you reach State Pension age before 6 April 2016.
How much will you get?
We were advised it would be roughly £155 a week and would require 35 years of NI contributions. A question remained, however; what of those who had contracted out of the state second pension? Would they still get the full amount?
Civil Servants are busy putting the finishing touches to the calculation crunching together your age, working history and NI record. Quotes will be issued in response to requests (on the gov.uk website) and the DWP expects to issue letters and emails over the coming months.
There appeared to be an inequality between those on the existing basis and those on the new basis. This inequality seems to have been rectified and it is now clear that very few will receive the full amount at outset.