Quick Guide: Pensions
Printable version
Pensions Crisis

State pensions

Means-testing

Retirement age

Occupational pensions

State pensions

The state pension is paid to women at 60 and men at 65 and is based on National Insurance (NI) contributions.

The full basic state pension is worth £82.05 for a single person and £131.20 for a couple from 6 April 2005.

Many women lack enough contributions to benefit from the current pensions system. Only 46% receive the full state pension.

The Liberal Democrats want a citizens' pension, based on residency, rather than contributions.