Loading tools
A regular payment from the government when you reach State Pension age, based on your NI record.
The new State Pension provides a regular income in retirement. For 2026/27, the full new State Pension is £241.30 per week. The amount you receive depends on your National Insurance record — people whose record started after April 2016 typically need 35 qualifying years for the full rate, while the minimum qualifying record and transitional rules can affect entitlement. Check your forecast before paying voluntary contributions.
This definition is for informational purposes only and does not constitute tax, legal, or financial advice. Rules may change and outcomes depend on your circumstances.
These GOV.UK and HMRC sources provide the official context for this glossary entry. The definition is educational and does not determine your individual tax position.