UK Aged Pension 2022/23.


2022/23 UK State Pension

The full UK State Pension is £185.15 per week.  This compares favourably to the £77 per week for the UK Job Seekers Allowance

Basic UK State Pension.

You’re eligible for the basic State Pension if you were born before:

  • 6 April 1951 if you’re a man.
  • 6 April 1953 if you’re a woman.

From 6 April 2022, the maximum UK State Pension was £185.15 a week or £9,627.80 a year.

To get the maximum pension, you need 30 qualifying years of National Insurance contributions.

Qualifying years include years that:

  • you were working and paying National Insurance.
  • you were getting National Insurance Credits, for example you were unemployed, sick, or a parent or carer.
  • you were paying voluntary National Insurance contributions.

If you have fewer than 30 qualifying years, your basic State Pension will be less than £141.85 per week.

New UK State Pension.

You’ll be able to claim the new State Pension if you’re:

  • a man born on or after 6 April 1951.
  • a woman born on or after 6 April 1953.

Your New State Pension amount depends on your National Insurance record.

The full new UK State Pension is £185.15 per week.

This is reached after 35 qualifying years of National Insurance contributions.

The full calculation method is shown at: www.gov.uk/new-state-pension/how-its-calculated

The New State Pension normally increases each year by whichever is the highest of:

  • earnings – the average percentage growth in wages (in Great Britain).
  • prices – the percentage growth in prices in the UK as measured by the Consumer Prices Index (CPI).
  • 2.5%

UK Median weekly wage.

For comparison, the UK Median weekly pay for full-time employees was £640 in April 2022.

 


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