Female, born in 1957,. How much STATE PENSION will I get ? in 2018 ?

Dunroamin

Bogof_Babe wrote: »

No-one can possibly know how much (or little!) state pension will be in nine years time. As I understand it, it is currently around £110 a week for people who have paid 30 years full NI contributions. It generally goes up a little each year, but there are no guarantees.

Although this doesn't make any allowance for SERPS or S2P that might have accrued in addition to the basic pension.

Additionally, there has been the suggestion that a flat rate pension of around £140 would be introduced by this point.

Dunroamin

Danny_G wrote: »

If they get a pension from their work, are they also entitled to the state pension?

so wil they get the 'work pension' and also the 'state pension' ?

None of us can possibly know whether she has paid in to an occupational pension or not but, if she has, it's paid in addition to the state pension.

real1314

Danny_G wrote: »

(Im asking for somebody on their behalf)

They are female, and born in 1957, and is 55,

they have been been doing admin work for 24 years.

They wish to retire when they are 62-64. = which will be in 2018

How much state pension would they be entitled to
a week?
a month?

£0.00 as they will not have reached their state pension age.

They will be eligible for state pension in 2023. Assuming they have paid national insurance contributions in full during their 24 years of work, and continue to do so for the next 6 years until they "retire" (that is, retire without a state pension), they would have 30 years of contributions and would get a full state pension, roughly £107 per week (the rate should rise in line with inflation).
:cool:

Danny_G

Dunroamin wrote: »

None of us can possibly know whether she has paid in to an occupational pension or not but, if she has, it's paid in addition to the state pension.

so if she has a work pension scheme set up already (for her future)
set up with her work

then while getting that, can she ALSO get the state pension.

Torry_Quine

Everyone who meets the requirements gets the state pension which has nothing to do with any private pension arrangments they may or may not have.

allen35

real1314 wrote: »

£0.00 as they will not have reached their state pension age.

They will be eligible for state pension in 2023. Assuming they have paid national insurance contributions in full during their 24 years of work, and continue to do so for the next 6 years until they "retire" (that is, retire without a state pension), they would have 30 years of contributions and would get a full state pension, roughly £107 per week (the rate should rise in line with inflation).
:cool:

Am I right in saying claiming Child Benefit or Carers Allowance whilst not working also protects your pension so isn't fully dependant on working years, obviously this will more often be the mother claiming CB.

State Pension will be payable alongside an Occ' Pension as well as any means tested benefits such as pension Credit or Housing Benefit if under the threshold and dependant on household income.

There's also Pension Credit Savings for those at present over 65 who have saved for their retirement and are just above the income for means tested benefits so always good to check.