UK State Pension Changes 2024-2025: What to Know

Written By: Anushka

Inflation

State Pension in the UK will increase by 8.5% starting April 2024.

Eligibility

To qualify, you must have at least 10 years of NIC contributions and be at least 60 years old.

Taxable

The UK state pension is taxable if your income exceeds the personal allowance limit.

Claiming

To claim, you need a National Insurance number and a government gateway account.

Triple Lock

Pensions increase based on average income growth, at least 2.5%, or inflation—known as the triple lock.

2024 Rate

In April 2024, the new state pension will be €221.20 weekly, up from €185.15 in 2022/23.

Types

UK offers state pensions for those with NIC contributions and private pensions for early withdrawals at age 55.

WASPI Female Payout Date 2024: This Month’s Payment