State Pension Payments
STATE PENSION payments are something many people may rely on during their later years. How much is the state pension amount in 2019?
The type of state pension a person gets will depend on when they were born. Men with a date of birth before April 6 1951, and women born before April 6 1953, can claim the basic state pension. Those born after this date will follow the new rules – which means their state pension will be different in a number of ways. This includes the maximum amount that is available.
The current full basic state pension is £129.20 per week.
Some people may be able to increase their state pension, such as by deferring their state pension payments.
There are other ways to increase the basic state pension, such as by making Voluntary National Insurance contributions should an individual have gaps in their record.
The gov.uk website advises readers to get financial advice when planning their retirement income.
The maximum amount available on the new state pension is £168.60 per week.
However, the actual amount that may be paid to a person will depend on their National Insurance record.
Read the full article here.
