February 2015 – Get your State Pension statement
January 2015: Automatic enrolmentIn January 2015, the government announced that 5 million people had been enrolled into a workplace pension. Click here to find out how it affects you...
February 2015: Get your State Pension statementIn February 2015 the government extended the age that you can get a State Pension statement, meaning people aged 55 and over can find out their entitlement.
April 2015: Pension freedoms and Pension WiseFrom 6th April 2015 people who retire will have more choices for how to use their pension pots, and the free guidance service Pension Wise will go live. Click here to find out more...
October 2015: State Pension top upFrom 12th October 2015 people who are already retired will be able to 'top up' their State Pension by up to £25 a week, through this new government scheme. Click here to find out more...
April 2016: State Pension changesThe State Pension is changing on 6th April 2016, meaning that everyone who retires after that date will get the new State Pension. Click here to find out more...
It’s hard to know how to plan for your retirement when you don’t know how much money you’ll get, or when. But if you’re age 55 or over, you can find out how much State Pension you’re entitled to. By finding out what the government will give you and when, it should make it easier to work out how much you need from your pension pot or savings.
Since the statements were made available to 55 year olds, over 100,000 people have already got theirs. Here is how to get yours…
You should get your statement in the post within 10 days. It will tell you when you reach State Pension age and how much you’ll get based on your current contributions. Unfortunately, it doesn’t predict what you’ll get based on your future contributions.
Want to know what to expect? Watch what teaching assistant Julie Ellis, 56, thought about getting her statement here: [How Julie is planning for her retirement]
Remember: your State Pension age doesn’t have to be when you retire from your job, or when you start getting your personal pension. It is just the age when you start getting State Pension.
Have you got your statement? What did you think?
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