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State pensions

 

State pensions

Your state pension is, or will be, an important part of your income in older age.

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The New State Pension - 11 things you Need to Know

A new state pension was introduced for people who reach state pension age from 6 April 2016 (that is, men born on or after 6 April 1951 and women born on or after 6 April 1953).

The new system is known as the Single Tier Pension – replacing the current system which incorporates Basic State Pension, SERPS and S2P.

The pages in this area of the site explain how the state pension systems work:

This information is also shown in our downloadable briefing on State Pensions

We also have a list of frequently asked questions and a mythbuster.

State Pension reform will also result in significant detrimental changes to arrangements for Guaranteed Minimum Pensions paid from private pensions. 

 

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