What is the full new state pension in 2024/25?

£221.20 per week (£11,502.40 per year) for 2024/25, up from £203.85 under the triple lock (8.5% earnings increase applied). This is the full amount requiring 35 qualifying National Insurance years.

How many NI years do I need for a full state pension?

You need 35 qualifying years for the full new state pension. Minimum 10 qualifying years to receive any pension. Between 10-35 years you receive a proportional amount.

What is the State Pension Age?

Currently 66 for men and women. Rising to 67 between 2026-2028, then 68 planned for 2044-2046 (currently under review). You can defer the state pension to receive a higher weekly amount.

How does state pension deferral work?

For every 9 weeks of deferral, the pension increases by 1% (approximately 5.8% per year). A 1-year deferral at £221.20/week would increase to £233.98/week, an extra £665 per year.

Can I top up NI years?

You can pay voluntary Class 3 NI contributions (£17.45/week for 2024/25) to fill gaps. Given the pension value, paying for 1 missing year costs ~£907 and buys £221.20/35 = £6.32/week extra, paying back in under 3 years.

UK New State Pension Forecast Calculator 2024/25

Calculate UK new state pension entitlement. Full new state pension: £221.20/week (2024/25). Need 35 qualifying NI years. Pro-rata for 10-35 years. Triple lock: rises by CPI, earnings, or 2.5% (whichever highest).

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate UK new state pension entitlement. Full new state pension: £221.20/week (2024/25). Need 35 qualifying NI years. Pro-rata for 10-35 years. Triple lock: rises by CPI, earnings, or 2.5% (whichever highest). Use the uk state pension forecast result to inform your calculation.

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