Exact age that state pensioners get extra £260 a year revealed
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PENSIONERS who are turning 80 this year could get a boost to their state pension worth thousands of pounds a year. The over-80s pension boosts the income of retirees to £101.55 a week, or £5,280.60 a year. It’s available for people who receive less than the full state pension or those who earn no state pension at all.
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The scheme only applies to men born before April 6, 1951 and women born before April 6, 1953. Anyone born after those dates is under the new state pension system, which has different rules. The old state pension is worth up to £169.50 per week (£8,814 a year), but to get the full amount you need to have enough qualifying years of National Insurance Payments.
How many years you need depends on when you were born. Men born between 1945 and 1951 need 30 qualifying years to get the full amount and one year to get any state pension at all. If they were born before that, they need 44 qualifying years for the full state pension and 11 years to get any money.
Women need 30 qualifying years to get the full old state pension if they were born between 1950 and 1953, but 39 qualifying years if born earlier. To get any pension they need one or ten years respectively. A qualifying year counts if, in that year, one or more of the following applied:.
The basic State Pension increases every year by whichever is the highest of the earnings, prices as measured by the Consumer Prices Index (CPI), and 2.5%. People who have enough years to qualify for the basic state pension, but not enough for the full amount will get lower weekly payments.
