State pension boost as Brits could get higher sum than £185.15 per week
The weekly amount you get in state pension depends on your National Insurance record
Some Brits could receive a higher state pension sum than £185.15 per week.
The amount of state pension you receive depends on your National Insurance record.
The amount someone gets is the highest number between the sum a person would get under old rules and the amount you would get if the current rules had been in place at the start of your career.
Some people could end up receiving more than the total amount of a full state pension (£185.15).
If your starting figure is higher than the full state pension figure, you could receive a bonus.
The bonus is known as a protected payment, and is paid on top of your state pension.
The protected payment increases each year in line with inflation.
The Government has warned for those customers: “Any qualifying years you have after April 5, 2016 will not add more to your state pension.”
There are other individuals whose starting amount is less than the full state pension, with those able to get more money by adding qualifying years to their National Insurance record after April 5, 2016.
You can add qualifying years until they reach either full state pension amount or state pension age.
Each qualifying years adds around £5.29 to your state pension each week.
The Government says those wanting to work out their exact amount can divide £185.15 by 35, before multiplying by the number of qualifying years after April 5, 2016.