Pensions for the Employed

Abstract

The basic element in almost everyone’s retirement income is the flat-rate State retirement pension. This is payable if full national insurance contributions have been paid for at least nine-tenths of the individual’s working life. A woman entitled to a pension in her own right will normally receive it at the age of 60, a man at the age of 65. A married man will receive an additional amount for his wife but if she is entitled to pensions in respect of both her own and her husband’s contributions, she may claim whichever is the higher pension.