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The full rate of new State Pension is £221.20 a week. Your amount could be different depending on: Find out what tax you might pay on your retirement income. You might need more National...
How much basic State Pension you get depends on your National Insurance record. The full basic State Pension is £169.50 per week. You may have to pay tax on your State Pension.
There are three main ways you can increase the amount you receive in your State Pension – claiming free NI credits, buying extra years, or deferring. The first is a no-brainer, but the other two options need to be considered carefully.
WRS retirement benefits are calculated using two methods: the formula method, and the money purchase method. ETF calculates your benefit using both methods and automatically pays you the higher amount. See how each method is calculated and resources for estimating your benefit.
In 2024-25, the new state pension is £221.20 a week - but not everyone gets that amount. Find out what determines how much you'll get.
The amount you receive with a full state pension will increase by 4.1% from April 2025, equivalent to a £360 rise for most pensioners. More recent retirees who get the full “new” state pension will receive a boost of just over £470.
This provides personalised information, including your State Pension age, an estimate of how much State Pension you may get at that point and if you can increase this amount.
How much State Pension will I get? The full rate of the new State Pension will be £221.20 per week in 2024-25 but you may get more or less, depending on your National Insurance (NI) record. Find out how much State Pension you could get on GOV.UK. How is my pension amount worked out?
State pension payments will rise by 8.5% next month, thanks to the triple lock. The full rate of the new state pension is now worth more than £221 a week – however, pensioners will have to wait until their next payment date to see a boost to their bank balance.
This WRS Retirement Benefits Calculator is a tool that can give you an unofficial estimate of your benefit as you plan for retirement. 6-12 months before you plan to apply for benefits, request an official estimate.