In this information packed episode, we explore the benefits of the UK State Pension.
The UK State Pension offers a guaranteed pension income for retirees over a certain age.
In this video, we’ll take a look at what the State Pension is, when it is paid and exactly how much you will be entitled to once you meet your state pension age.
We’ll then take a look at eligibility for the State Pension, options to increase your entitlement and how the payments increase once in retirement.
Lastly, we’ll look at the benefits of deferring UK State Pension benefits, and by how much payments increase for doing so.
This video, and our channel, aims to make the often-complex world of finance simple and understandable for everyone. For a transcript of this video, along with further reading and guidance, visit our learning portal here:
www.rootparaplanning.com/what-is-the-uk-state-pension
If you’re considering your income options in retirement, or wish to discuss any other areas of finance, don’t hesitate to leave us a comment.
00:00 What is the State Pension?
00:48 When can I receive the State Pension?
02:40 How much State Pension will I receive?
04:25 Do you qualify for the State Pension?
05:43 Can you increase your State Pension?
07:22 Does the State Pension increase once in payment?
09:58 Why do people defer their State Pension?
11:51 Conclusion
No financial decisions should be taken based on the content of this video. The guidance contained within this video is subject to the UK regulatory regime and is therefore primarily aimed at viewers in the UK. Always take full individual advice first. Regulations and legislation governing taxation, investments and pensions may change in the future.
The content in this video is accurate as of the 2024-25 tax year.
#retirementplanning #retirementincome #pension
