Work & family · Jurisdiction UK

UK State Pension

The new UK State Pension depends on the National Insurance record. It is not the German statutory pension and not a forecast from Finmon.

In more detail

As of October 2026, on the GOV.UK page: at least 10 qualifying years are needed for any new State Pension. Someone whose National Insurance record started after April 2016 needs 35 qualifying years for the full rate. Someone who was contracted out before that usually needs more than 35 years. GOV.UK states the full rate as £241.30 a week. Finmon does not fetch a personal forecast.

Background

A qualifying year can come from contributions paid, from credits, or from voluntary contributions. Your own amount is shown by the official forecast on GOV.UK, not by this app. The yearly increase follows the highest of the three measures GOV.UK names: earnings growth, consumer prices, or 2.5 percent. The stand for that is the same published page. This module is for the United Kingdom.

An example

Someone's National Insurance record started after April 2016, and they later built up 12 qualifying years. That is above the 10 years for any entitlement and below the 35 years for the full rate. How many pounds that is in this case is on the official forecast, not in Finmon.

A common misconception

35 qualifying years are always enough for the full rate, even after contracting out.

After contracting out before 2016, more than 35 years are often needed. GOV.UK says so.

Source: GOV.UK · new State Pension. Last reviewed: 2026-10-27. Editorially reviewed on 2026-10-27. Next review 2027-10-27. Version 0.2.0. Finmon explains. It does not advise. Not investment, tax or legal advice.