State Pensions

For the year 2004-5 the typical annual payment is £6617 for a couple and £4139 for a single person*.

Because they are only increased in line with inflation they will not keep pace with earnings, and will, relatively speaking decline in value over the years to come.

Use this calculator to get a very rough idea as to how valuable the Basic State Pension will be in the future into your retirement.

Number of years to age 65:
Rate at which you expect your salary to outpace inflation. Eg if you expect inflation to be 3% and salary increases to be 4.5% enter 1.5:
Salary:
Couples or Singles pension expected? 1 for Single, 2 for Couple:




Value of pension today as percentage of salary:
At age 65:
At age 75:
At age 85:
At age 95:

*Single person figure is for someone with full rights based on their own NI contributions or those of their late spouse, and the couples figure is where one person has full rights and their spouse is entitled as a result of those rights. Actual pension rights depend on individual circumstances.