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The State Pension

You become entitled to receive the State Pension from the government if you have built up enough qualifying years i.e. where you have paid or been crediting with having paid sufficient National Insurance Contributions.

How much is The State Pension?
As of April 2007 the basic state pension is £87.30 per week for a single person and £139.60 for a pensioner couple.

Is the State Pension going to be enough for you?
Will the state pension provide enough of an income for your to sustain your current standard of living?

Additionally provisions for the State Pension have declined in recent years so it is important that you don't rely entirely on it when making plans for your retirement. There are many options available to you such as private pensions and SIPPs.

The State Pension at a glance

Full Basic State Pension is currently
- £87.30 per week for individuals
- £139.60 per week for couples

Need enough qualifying National Insurance contribution years to be entitled for State Pension:
- 44 years for men
- 39 years for women
(only need 30 qualifying yrs if reach retirement before 2010)

You can claim the state pension when you reach the State Pension Age: (set to increase in 2010)
65 years old for men
60 years old for women

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Chartered Financial Planners - Principle First are one of the few Independent Financial Advisers to achieve Chartered Status in the UK - a reflection of our professionalism and dedication to providing the highest level of customer service.

PAST PERFORMANCE IS NOT A GUIDE TO FUTURE RETURNS & INVESTMENT RETURNS MAY FALL AS WELL AS RISE - Risk Profile must be clarified before proceeding with any investment advice. Principle First Financial Services is a trading style of GMF Marketing Services Ltd. which is authorised and regulated by the Financial Services Authority. Principle First Financial Services is entered on the Financial Services Authority's register under reference number 409667. For more information visit www.fsa.gov.uk.

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