Some 9.7 million older people will receive Basic State Pension payments of up to £156.20 each week
Millions of older people will receive a bumper State Pension boost this year after weekly payments increased by 10.1 per cent in April as part of the annual benefits uprating. The latest figures from the Department for Work and Pensions show there are now 12.6 million people across Great Britain receiving State Pension payments, including 1.1 million living abroad and 992,052 in Scotland.
The current age of retirement is 66 for men and women across Great Britain and is set to rise to 67 between 2026 and 2028. The UK Government recently announced that it will review the rise to 68 two years after the next general election, which is due to take place next year. The deadline to purchase over this longer period was recently extended until the end of July, after unprecedented interest meant phone lines to the Future Pension Centre were constantly jammed.
The forecast tool will also tell you your State Pension age - when you can officially retire and start collecting payments. Others missed out when they opted out of Child Benefit after the introduction of the High-Income Child Benefit Tax Charge. If you claim Child Benefit in your name, then you will get the National Insurance credit towards your State Pension.
There are other situations where you are receiving benefits and you can still claim National Insurance credits. For example, if you are off work sick on Statutory Sick Pay. It is always worth checking to see if you may be entitled.
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