The state pension is set to rise by 8.5% – the second largest jump ever recorded – on the back of new earnings figures
“However, it will continue to be a headache for Government who need to battle the ever spiralling cost of the state pension bill. The Prime Minister recently refused to be drawn as to whether he would support the triple lock long term though as a general election draws ever closer it would be a difficult pledge to step back from.”At present the full basic state pension is £156.20 per week, and the full state pension is £203.85 per week.
People with no NI record before 6 April, 2016 need 35 qualifying years to get the full state pension. A qualifying year for state pension can be made up through combining earnings, NI credits, self-employment and voluntary contributions.are employed and earning more than £190 a week from one employer and paying NI contributions;
are employed and earning between £123 and £190 a week from one employer and are treated as having paid NI contributions;receive NI credits.
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