Britain Coronavirus record Gap Britain

Full State Pension when you retire means you need to work this number of years

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dailyrecord.co.uk

Planning for your retirement can never start too early, especially as fallout from the coronavirus pandemic continues to have a financial and economic impact on households and businesses across the country.

State Pension is a benefit payment which often becomes a person's main source of income during their retirement years. In 2019, data from the Department for Work and Pensions (DWP) revealed that of the 1.1 million people who claim the new State Pension, just under 500,000 (44%) receive the full amount of £179.60 a week.

The amount of State Pension people will receive depends on how long they have been making National Insurance (NI) contributions towards it.

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