Knowing the answer to what pension will I get? Is crucial in understanding what sort of lifestyle you will have in retirement.

Will your pension produce enough so you will be comfortable with financial security and flexibility or will you just get by? Maybe you will be comfortable, financially free and able to enjoy lots of life’s luxuries.

This video is part of a series of videos that will give you an idea of what pension you might get and how to find out.

THE STATE PENSION

The State Pension is provided by the government and will be paid from your State Pension age unless you choose to defer it.

The amount you receive will depend on your National Insurance contribution record and the payment rates used by government at the time.

If you go online you can find out your State Pension Age and get a State Pension Forecast which will tell your everything you need to know about your National Insurance contribution record, whether you have any gaps and what it will cost you to make up the difference.

If you have paid National Insurance contributions for 35 years then you should have a full record and the basic State Pension is around £175 per week, making it around £9,000 per year.

So for a couple with full records you could expect to receive around £18,000 in total per year from State Pensions alone.

TO FIND OUT YOUR STATE PENSION AGE AND FORECAST GO TO: [ Ссылка ]

DOWNLOAD YOUR FREE '10 MINUTE RETIREMENT PLAN' HERE: [ Ссылка ]


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