State Pension – What You’ll Get
2 State Pension – What You’ll Get
The full level of the new State Pension is £221.20 a week in the 2024/25 tax year, which produces an annual income of £11,502.40.
The full basic State Pension is £169.50 per week. There are ways you can increase your State Pension up to or above the full amount.
You may have to pay tax on your State Pension.
How Your State Pension Is Paid
The day your pension is paid depends on your National Insurance number.
Last 2 digits of your National Insurance Number:
00 to 19 paid on Monday
20 to 39 paid on Tuesday
40 to 59 paid on Wednesday
60 to 79 paid on Thursday
80 to 99 paid on Friday
Your first payment is made at the end of the first full week after you reach State Pension age. It won’t include the time between reaching State Pension age and your normal payment day if that’s less than one week.
The basic State Pension is usually paid every 4 weeks into an account of your choice. You’re paid ‘in arrears’, which means you’re paid for the last 4 weeks, not for the coming 4 weeks.
There are different rules if you live abroad.
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