State Pension age checker: When can I draw my state pension, which am I entitled to?

State Pensioners may be £343 richer a year after increases to the State Pension amount this Spring. From April 6, the State Pension rose by 3.9 percent which equates to more than £6 a week. But what age can you start drawing from your State Pension and how much are you entitled to?

What is the State Pension?

The State Pension is a regular payment given to eligible recipients by the government later in life.

There are certain conditions for eligibility and if you qualify you will receive a set amount per week based on certain criteria.

Prior to April 6, the new State Pension amount was £168.60 a week, while the basic State Pension will also increase from £129.20.

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How much are you entitled to?

State Pensions have increased this year as part of the Government’s triple lock system which launched in 2011.

This system ensures the basic State Pension rate increases.

The increase is based on the greatest amount out of the following: 2.5 percent each year, the inflation rate or the average earnings growth.

The basic State Pension

You can claim basic State Pension if you are:

  • A man born before April 6, 1951
  • A woman born before April 6, 1953.

The basic State Pension is given to those who have paid or been credited with National Insurance contributions.

The most you can be awarded is £134.25 a week.

Each year the basic State Pension increases by the highest of the following:

  • Earnings: The average percentage growth of wages in the UK.
  • Prices: The percentage growth in the UK as measured by the Consumer Price Index (CPI).
  • 2.5 percent.

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The new State Pension

If you were born after these dates, you must claim the new State Pension instead.

You can claim the new State Pension if you are:

  • A man born on or after April 6, 1951
  • A woman born on or after April 6, 1953.

The full new State Pension is £175.20 per week.

The actual amount you are awarded depends on your National Insurance record.

The only reason the amount can be higher is if:

  • You have over a certain amount of Additional State Pension
  • You defer taking your State Pension.

Additional State Pension

Additional State Pension is an additional payment which you could possibly get on top of your basic State Pension.

This is eligible for:

  • A man born before April 6, 1951
  • A woman born before April 6, 1953.

There is no fixed amount for the Additional State Pension.

How much you get depends upon:

  • How many years you paid National Insurance for
  • Your earnings
  • Whether you have contracted out of the scheme
  • Whether you topped up your basic State Pension between October 12, 2015, and April 5, 2017.

To find out how much you could get, you should get your State Pension here.

When can you draw your State Pension?

State Pension age is the earliest age at which you can start receiving your State Pension.

Your State Pension is worked out based on your gender and date of birth.

From December 2018, the State Pension age rose for both men and women, increasing to 66 by October 2020.

The state pension age will increase to 67 between 2026 and 2028.

The age will increase again to 68 from 2037, rather than 2044 as originally planned.

The change, which will be brought in over two years means anyone born between April 6, 1970 and April 5, 1978, who was due to retire at 67, will now have to work for one year longer.

You can check how much State Pension you might get and what age you can begin receiving this payment here.

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