What is the new full State Pension amount? | Moorepay

Payroll & HR Rates

What is the new State Pension amount?

Legislation

What is the new State Pension amount?

Date

Effective FY 24-25

Summary

The UK state pension increased by 8.5% on 8 April 2024, the second highest rise since the triple lock was introduced in 2011/12.

Current basic state pension

The new basic State Pension is £221.20 per week, or £11,502.40 per year.

This applies to those reaching state pension age on or after 6 April 2016.

Old basic state pension

If you reached State Pension age before 6 April 2016, you’ll get a different amount under the basic State Pension rules.

The old basic State Pension is £169.50 per week, or £8,814 per year.

Please note, these figures are for the full basic state pension. The actual amount an employee gets is dependant on their national insurance record.

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