State Pension

If you pay National Insurance contributions over the years you’ll be able to claim weekly payments from the government at some point in your 60s. (The age you can claim your State Pension is gradually increasing, depending on when you were born.)

If you get the full amount, it’s currently just over £9,000 a year – which is unlikely to be enough to retire on, but it’s a good start.
More about the State Pension »