The short version: The State Pension is what the government pays you in retirement based on your National Insurance record. You need enough qualifying years to get the full amount.
How much do you get?
The full new State Pension requires 35 qualifying years of NI contributions. Fewer years means a smaller pension. You need at least 10 years to get anything. Check gov.uk for current weekly rates.
What counts as a qualifying year?
A year where you paid enough National Insurance through work, received NI credits (for example, while claiming certain benefits or caring for children), or made voluntary contributions.
When can you claim?
State Pension age is currently 66 and rising. You can defer claiming to get a higher amount later, but you won’t receive anything until you actually claim.
Is it taxable?
Yes. State Pension counts as taxable income. If your total income (including State Pension) exceeds your Personal Allowance, you’ll pay tax on the excess.
Want to check your State Pension forecast? We can help you understand what you’re on track for.
