As confirmed in the 2020 Budget, the State Pension rates are increasing this month. This week, all pensioners will see a rise in their monthly pension income. How much you get in your pension depends on how many qualifying years you have on your National Insurance Record. Express.co.uk explains how many years you need on your record to receive a State Pension.
Who can claim the New State Pension?
The New State Pension came about back in 2016.
You can claim it if you are:
- A man born on or after April 6, 1951
- A woman born on or after April 6, 1953
If you have already reached your State Pension age and did so before April 6, 2016, your pension is subject to the old rules instead.
Find the old rules here.
Your State Pension age is the earliest age you can start receiving a pension.
Eager to retire? Check your State Pension age here.