The State Pension
Get a statement
A new State Pension system comes into effect from 6 April 2016. If your State Pension age is after that date and you get a statement, this will compare the amounts you would have got under the current system, with that due under the new system. You will get the higher of these amounts.
Your State Pension Statement
If you are aged 50 or over you’re now able to request a pension statement under the new rules. To get a statement, please click here.
The pension statement will give individuals an estimate of how much they may get under the new State Pension based on their current National Insurance record. The statement offers an estimated amount, not a guaranteed amount, as it is based on an individual’s current national insurance record and doesn’t take into account future national insurance contribution years they may build.
People under the age of 50 can still get a statement that gives an estimate of their State Pension based on the rules of the existing scheme. Their statement explains that, in most cases, the estimate will be the least amount of State Pension that they may get when they reach State Pension age.
The Government will gradually extend the State Pension statement service until everybody of working age will be able to request one.
Where can I find out more?
If you need more information, please contact us. A pension specialist from our team will be happy to help with whatever pensions-related question you have. Our help is always free.