State Pension Rates - UK 2014-2015 -
Single and Married Persons
Updating on 15th
April 2014 @ 12.00 am.
There are several types of state pension, and different rates
as to what is paid. Much depends upon your own personal
circumstances insofar as your years of National Insurance
Contributions and your marital status is concerned.
Pension Credit Payments are also dependent upon your personal
circumstances, and are available to those who qualify for
Pension Credit Payments.
The Basic State Pension
The Basic Maximum Rate for State Pension for the year 2014 - 2015
is worth up to £113.10 per week for a single man or woman. This does not mean that you will automatically receive this
amount of old Age Pension. Several things can lower this maximum rate.
However, there are then other payments which are available to 'top up'
your Old Age Pension to the maximum rate shown above.
Who Qualifies for Basic State Pension?
- If you are a single man, or a single woman, and have the full number
of qualifying years and NI contributions, then the maximum basic Old Age
Pension rate you will receive is £113.10 for this period - April 2014 -
April 2015. If you do not have the full number of qualifying years, then
there will be a reduction to this figure. DON'T WORRY! There are
other payments available to help you.
- If you have less than 30 years
qualifying payments of NI or qualifying credits, you will
NOT get the maximum Basic Pension. Check here for
Basic State Pension.
Married Persons and Civil Partners State Pension entitlement.
- If you are a married man, a married woman, or you are a civil
partner, and qualify from your own NI Contributions, you will be
entitled to the basic State Pension Rate of 113.10 from April
- However - if you are a married man, married woman or living
as a civil partner and using your wife's, husband's or civil
partner's National Insurance record, then the maximum state
pension you are entitled to is £67.80 per week.
- Married Couples of State Pension Age,
and qualifying for the full pension, will get a maximum of
£180.90 - from April 2013 and increasing each April - as with
other State Pensions set out in the paragraph below.
The Basic State Pension will increase each year - every April -
according to how much the Average Earnings have
increased ( or by 2.5% or the Prices Index
if these are greater. The minimum increase will be that of the
Average earnings Index.)
For instance, if the average wages rises by only 1.8% and the
Cost of Living Prices Index by 1.5% (Highly unlikely) you will
receive and increase of 2.5%
- Your Entitlement to the Maximum Basic
State Pension, is dependent upon your having 'qualified' by
having paid enough in National Insurance Contributions during
your working lifetime. Check to see if you have
qualified for the
Maximum State Pension
- You may also be entitled to an
Additional State Pension - S2P - SERPS as once was. Not everyone is
entitled to this Additional State Pension. It will be dependent
upon your previous earnings.
There will be to the Pension Rate - and the State Pension System in
2016. But, the current page is in force until then.
- Over 80 and not paid enough contributions - you will not get state
pension of 66.00
- You will also get extra Age Addition of 25p per week to go with
State Pension Single
Flat Rate 2016 |