The first payment might also be higher or lower than expected even with full National Insurance contributions.
The latest statistics from the Department for Work and Pensions show the State Pension currently provides regular financial support for 12.7 million older people across the country, including over one million retirees living in Scotland. This payment is available for those who have reached the UK Government’s eligible retirement age, which is currently 66 for both men and women, and have paid at least 10 years' worth of National Insurance Contributions.
DWP guidance explains: “You do not get your State Pension automatically - you have to claim it. You should get a letter no later than two months before you reach State Pension age, telling you what to do.” Deferring your State Pension could increase the payments you get each week when you decide to claim it, as long as you defer for at least nine weeks. Your State Pension increases by the equivalent of 1% for every nine weeks you defer, this works out as just under 5.8% for every 52 weeks.
Top Money Stories Today New State Pension payment rates 2024/25 Basic State Pension payment rates 2024/25 Your first payment Your first payment will be within five weeks of reaching State Pension age and you will get a full payment every four weeks after that. You might get part of a payment before your first full payment. The letter will tell you what to expect.
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