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On 6 April 2016, the rules changed for men born on or after 6 April 1951, and for women born on or after 6 April 1953.
If you reached the State Pension age before 6 April 2016, these changes won’t affect you, and you will continue to receive the basic State Pension (£119.30 a week), plus any additional State Pension.
With the change, the Government introduced a “single-tier” State Pension with a “full level” of £155.65 per week – or £8,092 per year.
They also increased the number of years an employee must work to receive the upper level to 35.
To work out at what age you will receive your State Pension https://www.gov.uk/state-pension-age
Meanwhile, the previous system, where you could opt in or out to pay full National Insurance Contributions (NICs) to receive additional State Pension, was scrapped.
The “full level” is what you will receive should you fulfil the Government’s requirements – 35 years of active NICs. To receive any pension at all, you must have worked and contributed for at least 10 years.
However, the Department for Work and Pensions (DWP) will take into account the years spent paying full NICS under the old system and thereby building up additional State Pension.
You will get whichever is higher – the amount you would have got on the last day of the old system, or the amount you would get had the new system been in place throughout your working life.
And up until 5 April 2017, workers can also apply for the State Pension top up. This lets you add up to £25 per week to your pension in exchange for a lump sum payment.
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