How much State Pension will I get?

Check your forecast at gov.uk/check-state-pension. It depends on your NI record.

Can I top up my State Pension?

Yes, voluntary Class 3 NI contributions can fill gaps. Often very good value.

Is State Pension taxable?

Yes, it counts as income but is paid gross - tax is collected through other income or SA.

Can I defer my State Pension?

Yes, for extra 1% for every 9 weeks deferred (5.8% per year).

What is the triple lock?

State Pension rises by highest of: inflation, average earnings growth, or 2.5%.

Pension2026/27

What is State Pension? UK Definition 2026/27

Written by Waqas Sagar ACA, FCCA, FMAAT

•

Verified by ICAEW, ACCA & AAT

•Updated April 2026

Quick Answer

Government pension based on your National Insurance record, currently £221.20/week.

Definition of State Pension

The State Pension is a regular payment from the government based on your National Insurance record. The full new State Pension is £221.20 per week (2026/27). You need 35 qualifying years for the full amount, with a minimum of 10 years for any pension. State Pension age is currently 66, rising to 67 by 2028.

State Pension — Key Facts for 2026/27

Full amount	£221.20/week
Annual equivalent	£11,502
Qualifying years needed	35 years
Minimum years	10 years

How State Pension Works — Example

State Pension calculation

1Qualifying years: 30
2Full pension requires: 35 years
3Proportion: 30/35 = 85.7%
4Weekly pension: £221.20 × 85.7% = £189.60
5Annual: £9,859

How State Pension Affects Your Tax

State Pension forms the foundation of retirement income for most people. Checking your NI record and filling gaps through voluntary contributions can increase your pension. The triple lock usually means above-inflation increases.

Official HMRC Guidance on State Pension

For official guidance, refer to HMRC's documentation. Tax rules can change, so always verify current rates and thresholds on gov.uk.

GOV.UK: State Pension

Frequently Asked Questions about State Pension

Related Tax Terms

National Insurance

Contributions paid by employees and employers that fund state benefits.

Qualifying Years

Years with sufficient NI contributions to count towards State Pension entitlement.

Accuracy Note

This information is for guidance only and is based on 2026/27 tax year rates. Tax rules are complex and your circumstances may differ. For personal advice, consult a qualified accountant or tax adviser.