Benefits in Retirement

State retirement pension, can be made up of several elements - basic, additional and graduated pension. To find out when you can get your state pension and how changes to the pension age effects you.

State Pension

State retirement pension for people who reach state pension age before 6 April 2016
The basic State Pension is a regular payment from the government that you can get when you reach state pension age. To get it you must have paid or been credited with National Insurance contributions.

The basic 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

State Pension calculator

Pension Credits

Pension credit is a means-tested benefit for people of state pension age. Pension credit consists of two parts and you can claim either or both depending on your circumstances. You can claim pension credits in or out of work. (However, your earnings may affect your entitlement)

The two parts are:
A Guarantee credit
A Savings Credit

Pension Credit calculator

Pension Credit

If you own your home, your pension credit can include an element to help with housing costs, including interest on a loan taken out to buy the home.

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