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).

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Frequently Asked Questions

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

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

What is the State Pension Age?

How does state pension deferral work?

Can I top up NI years?