State pension is rising at the highest level for years in April – what are the rates?

State pension is relied upon by many people in the UK to help with retirement. It can only be received by people who reach state pension age, which is gradually being increased to 66 for everybody. The state has made many changes to state pensions in recent years as costs mount and life expectancies increase.


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The government claims the unpopular choices it has made is the only way to keep the system fair and affordable.

Despite this, many have been unhappy with the changes made in recent years.

Common complaints include that the state pension simply does not pay enough and it is quickly outpaced by inflation.

Another problem is the changes made to state pension age which has caught many people off guard, with the WASPI campaign being a prime example of this.

The actual amounts people will receive will depend on their national insurance contributions but there is a “full” amount for the new state pension system.

For those who qualify and who have hit the minimum requirements, £168.60 per week will be received.

This equates to nearly £9,000 a year which could be a drastic fall in income for many.

This could be compared to employee earnings for comparison. According to the Office for National Statistics, the median weekly earnings for full-time employees reached £585 in April 2019. This is just over £30,000 a year.

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As state pension income has reduced in effectiveness over the years the government has taken steps to encourage people to pay more into private pensions.

Automatic enrolment was launched in 2012 to try and resolve some of these pension issues.

This initiative forced employers to automatically enrol their eligible workers into a pension scheme.

On top of this, not only would the employee pay into this pot but the employer would also contribute.


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Despite these efforts, many will likely still be reliant on state pensions in retirement if they are on generally low income levels.

While it is possible to check on what amounts a person will receive from a state pension, many may be disappointed by what is paid to them.

Fortunately, the state has taken steps to try and improve this.

The government has a “triple lock” system in place which promises to increase state pension by whichever is the highest of inflation, 2.5 percent or average earnings. Average earnings saw a big rise in the buildup to 2020, meaning that pensioners will see the biggest boost to their state pensions since 2012.

Average earnings rose by 3.9 percent in late 2019 meaning that state pension will increase by this amount also. The increases will come in from the 6th of April, which is just over a month away.

In monetary terms, this could mean that some people will receive an extra £343 a year. While the rises in income will be different for everyone, it is possible to examine what minimums will be applicable.

If a person qualifies for the full state pension, their payments will increase from £168.80 to £175.20 a week. There may also be some people who receive the “basic” state pension depending on their date of birth.

Here, the rate will increase from £129.20 to £134.23 a week. To check on what will be received once these new rates are in place, people can go to the government’s website which provides tools that detail what a person will receive in retirement.

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