you are here: Home Pensions & Annuities The State Pension Introducing the state pension
AddThis Social Bookmark Button
Introducing the state pension Print E-mail

In the year to April 2010, the basic fully weekly state pension will be as follows:
 
Single person: £95.25
Couple: £152.30
 
Your ability to qualify for the full rate will depend largely on your National Insurance contributions. Take note though, the criterion is not easy to meet.

You pension will depend largely on the numbers of years you worked for and your number of “qualifying years”. To break it down, a woman who has worked for 44 years will need 39 qualifying years to be eligible for a full pension.

Is My State Pension Taxed? 
 
Contrary to popular opinion, yes your state pension can be taxed. If it is above the tax threshold of about £3,500 per annum for a single person, which most of the time it isn’t, then it can be taxed if you have additional income that takes you above the tax threshold. 

If I Have Personal Or Occupations Pensions Do I Still Get A State Pension? 
 
Yes, you are still entitled to a state pension if have either/both a personal pension or occupational pension.
 
What will happen is that they will taxed together. So your state pension of about £3,500 per annum and your personal/occupational pension of about £10,500 per annum

 

 

© Copyright 2010 Get Finance. All rights reserved.
eXTReMe Tracker