Government Pension increases

Qyburn

p00hsticks said:

Qyburn said:

Question for the OP. For those who deferred and therefore receive a high SP, do you think they should receive the 4.8% increase, or just £11.15/week increment? 

That question doesn't just relate to those that deferred though - it's all those on the old-style pension who are receiving much more than the basic amount.  

That's why I asked, would he distinguish between the two cases.
Those who receive more than NSP right from their SPA.
Those who were only entitled to the NSP, but deferred and receive a higher rate once the do take it, but something pretty near to the same over their life.

ClashCityRocker1

it is true that 15 years or so ago women could get their state pension at 60 - that is a considerable headstart when making comparisons!

zagfles

hugheskevi said:

Spare a thought for the poor 76 year olds - they have the lowest mean State Pension due to being under the old State Pension, women generally having lower pension, but mortality not yet really kicked in to increase the pension of the surviving partner through inheritance.

Interesting to note that 84 year olds on average have a higher State Pension than 72 year olds.

Average amount of State Pension in payment by age, May 2025, DWP administrative data

Age	Mean State Pension
66	£219.90
67	£218.15
68	£216.40
69	£215.46
70	£214.46
71	£213.35
72	£207.87
73	£206.28
74	£205.43
75	£200.75
76	£200.63
77	£201.51
78	£203.74
79	£203.71
80	£202.87
81	£204.56
82	£207.31
83	£209.11
84	£210.55
Total	£208.91

I guess the figures won't include contracted out pension paid as part of occupational schemes, so perhaps 76 year olds are at the peak of COPE, that probably makes sense given the timing of introduction of SERPS and the stopping of contracting out/introduction of NSP.