State Pension to Change

The Chancellor has also confirmed some changes in the future. Probably the most

significant one is a change in the State Pension from 2016. All those reaching their
State Retirement Age from 6 April 2016 onwards will receive a flat-rate State Pension
of £144.00 per week. This change will only be for new pensioners so existing pensioners will still have the Basic State Pension, and any additional State 2nd Pension/ State Earnings Related Pension they may qualify for. Along with the higher State Pension will come the requirement that Pensioners seeking the maximum will need to have worked and paid National Insurance Contributions for 35 years as compared to the current requirement of 30 years.