State pension payments can be claimed for once a person has reached their state pension age. Currently, this is sitting at 65 but for some people, it will be raised next week.
By 2046, it will be as high as 68 but the government stresses that these changes are always under review and could be altered.
With all these changes and shifting dates, it is understandable if some people are unsure of where they stand.
Thankfully, there are free-to-use tools online which can guide people in this area.
On the government’s website there is a tool available that can tell people when they’ll reach state pension and pension credit age, as well as when they’ll be eligible for free bus travel.
If a person has at least 35 years, they’ll be eligible for the highest payment rate of £175.20 per week.
Because of this variation, the government also provides tools for helping people see how many National Insurance years they have under their belt.
If the user of these tools finds that they do not have enough contributions (or that they simply want to boost their eventual payments) they may be able to make voluntary contributions.
Impartial advice on how to properly boost pensions can be sought from the likes of the Money Advice Service, Citizens Advice and the Money and Pensions Service.
Published at Mon, 29 Jun 2020 06:00:00 +0000