State Pendion confusion

whadya_say?

Martin's discussion today about Aoril 2026 pension increase refers to the maximum full state pension of £230.25 pw. I'm paid 4-weekly and get £961.40. Multiplying this by 13 gives £12,498pa, which is £240.35 pw. My HMRC app confirms my pension as £12,498 - can anyone explain the reason i get more than the maximum?

Dazed_and_C0nfused

whadya_say? said:

Martin's discussion today about Aoril 2026 pension increase refers to the maximum full state pension of £230.25 pw. I'm paid 4-weekly and get £961.40. Multiplying this by 13 gives £12,498pa, which is £240.35 pw. My HMRC app confirms my pension as £12,498 - can anyone explain the reason i get more than the maximum?

There isn't really a maximum, some people get more than £20k.

Are you under new State Pension or basic State Pension rules?

MallyGirl

Have a read of the guide here
MSE Guide

Andy_L

Do you have some extra pension earned under the old SERPS/S2P schemes?

whadya_say?

Dazed_and_C0nfused said:

whadya_say? said:

Martin's discussion today about Aoril 2026 pension increase refers to the maximum full state pension of £230.25 pw. I'm paid 4-weekly and get £961.40. Multiplying this by 13 gives £12,498pa, which is £240.35 pw. My HMRC app confirms my pension as £12,498 - can anyone explain the reason i get more than the maximum?

There isn't really a maximum, some people get more than £20k.

Are you under new State Pension or basic State Pension rules?

Good question, but how do I tell? I started receiving it when I reached 66 in 2021. I think it's the new pension. 

Dazed_and_C0nfused

whadya_say? said:

Dazed_and_C0nfused said:

whadya_say? said:

Martin's discussion today about Aoril 2026 pension increase refers to the maximum full state pension of £230.25 pw. I'm paid 4-weekly and get £961.40. Multiplying this by 13 gives £12,498pa, which is £240.35 pw. My HMRC app confirms my pension as £12,498 - can anyone explain the reason i get more than the maximum?

There isn't really a maximum, some people get more than £20k.

Are you under new State Pension or basic State Pension rules?

Good question, but how do I tell? I started receiving it when I reached 66 in 2021. I think it's the new pension. 

That is the new State Pension.  You must be one of the people a protected payment.  

Which basically means you had already accrued more than the standard new State Pension in 2016 and were allowed to keep the excess.

Although only the standard amount gets the triple lock increase.

eskbanker

whadya_say? said:

I'm paid 4-weekly and get £961.40. Multiplying this by 13 gives £12,498pa, which is £240.35 pw.

To derive a weekly value from a four-weekly one, it would generally be simpler to divide by four rather than multiplying by 13 and dividing by 52!

DRS1

eskbanker said:

whadya_say? said:

I'm paid 4-weekly and get £961.40. Multiplying this by 13 gives £12,498pa, which is £240.35 pw.

To derive a weekly value from a four-weekly one, it would generally be simpler to divide by four rather than multiplying by 13 and dividing by 52!

But I bet the OP had more fun doing those sums in their head.

xylophone

Good question, but how do I tell? I started receiving it when I reached 66 in 2021. I think it's the new pension. 

See
https://forums.moneysavingexpert.com/discussion/comment/81633884/#Comment_81633884