State pension inheritance: What will happen to payments when someone dies?
manchestereveningnews.co.ukThe State Pension currently provides a steady income for nearly 12.7 million elderly people across Great Britain. The Department for Work and Pensions (DWP) administers the payment to those who have reached the UK Government's eligible retirement age - now 66 for both men and women - and have made at least 10 years' worth of National Insurance contributions.
Around 3.4 million individuals claiming the New State Pension are now receiving payments of up to £221.20 each week, which equates to £884.80 per pay period as the contributory benefit is typically paid every four weeks.
The majority of overall claimants (9.3 million) are receiving Basic State Pension payments of up to £169.50 each week, equivalent to £648 per pay period.
The type of State Pension a person receives depends on their date of birth - men born before April 6, 1951 and women born before April 6, 1953 are eligible for the Basic State Pension while those born after these dates will receive the New State Pension.
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