Henson Crisp taking care of your future, offering specilaist retirement advice in Peterborough and London

How to Top Up your State Pension
by The Pensions Advisory Service

What is the new state pension?

In April 2016 a new form of state pension will be introduced - a single payment, simplifying the current system. Your state pension will be calculated entirely under the new state pension rules.

You'll usually need at least 10 qualifying years on yournational insurance record to get any state pension.

You'll need 35 qualifying years to get the full new state pension.

You'll get a proportion of the new state pension if you have between 10 and 35 qualifying years.

Working after the state pension age

You don't have to stop working when you reach State Pension age but you'll no longer have to paynational Insurance. You can also requestflexible working arrangements.

How much you can get?

The full new state pension will be no less than £151.25 per week. The actual amount will be set in Autumn 2015.

Why the new flat-rate pension is being introduced

The existing system is complex, has high levels of means-testing and produces inequality - for example, women tend to have lower State Pensions than men. The Government wants to address these issues and the aim is to introduce a simpler, fairer system where people have a clearer idea about what the state will provide, making it easier to plan their retirement savings.

How to check your national insurance record

You can ask for a national insurance statement online to check if you have gaps in your National Insurance record. You'll need to say which years you want your statement to cover.

Because of the current Coronavirus situation, we are changing how we conduct our meetings Learn more →

Henson Crisp Limited

Telephone: 01733 355120 / 02036 377140
Email: enquiries@hensoncrisp.com

Registered Office:
Ground Floor Bank House, The Lawns, 33 Thorpe Road, Peterborough, PE3 6AB.
Registered in England, No. 06266686

Offices in both Peterborough and London.
Financial Advice for individuals and companies.

Site Disclaimers

No investment decision should be taken based on the content of this site. Always take full individual advice first.

Henson Crisp Limited cannot be held responsible for the accuracy of the content of external websites.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Regulatory Statement

Henson Crisp provides Independent Financial Advice.

Henson Crisp Limited is authorised and regulated by the Financial Conduct Authority (register.fca.org.uk/). Financial Services Register No: 469175

Our alternative dispute resolution provider is the Financial Ombudsman Service.
Their website is financial-ombudsman.org.uk