The full new State Pension amount for the 2025-26 financial year is £230.25 per week , which equates to approximately £11,973 per year. This represents a 4.1% increase from the previous year, driven by the government's "triple lock" policy that raises the pension by the highest of inflation, average earnings growth, or 2.5% annually
. For those who reached State Pension age before April 2016, the full basic State Pension is £176.45 per week or about £9,175 per year for 2025-26, also increased by 4.1% from the previous year
. To receive the full new State Pension, you generally need 35 qualifying years of National Insurance contributions. If you have fewer years, your pension amount will be proportionally less, with a minimum of 10 years needed to get any payment at all
. In summary:
- New State Pension (post-April 2016): £230.25/week (£11,973/year) with 35 qualifying years.
- Basic State Pension (pre-April 2016): £176.45/week (£9,175/year) with 30 qualifying years.
The exact amount you receive depends on your National Insurance record, including any periods of contracting out or additional state pension entitlements
