The charity Independent Age has launched a new State Pension factsheet providing essential information for older people already claiming the contributory benefit worth up to £221.20 each week, or those nearing the official age of retirement.
The helpful guide covers everything you need to know about the payments, including the difference between the New and Basic, when to claim it, deferring, how the amount is calculated and when you might need to pay tax.
However, it also takes a look at historical underpayments and urges those on the Basic State Pension who may have been due National Insurance (NI) ‘top-ups’ to contact the Pension Service to ask them to recalculate their State Pension if they think it might be wrong.
A recent survey carried out by Independent Age found that 41 per cent of people aged 50 and over were anxious about their finances after retirement.
Read more on dailyrecord.co.uk
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