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State pension. Total novice.
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The price of a year stays the same for 2 years after the end of the year. It then increases to the price of the year it is purchased in so it is normlly better to buy years in that 2 year window. The price increases each year (roughly) by CPI. Depending on tax you will generally get your outlay back within 4 years of reaching pension age, for an outlay of around £800 you will get £260 per year. The state pension currently increases each year with the triple lock, the higher of CPI, wage inflation or 2.5%.
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