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
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.