State Pension: Expert outlines criteria to qualify
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What people will get from the state pension is likely to vary depending on their National Insurance contributions. However, the full basic state pension currently pays £141.85 per week, while the full new state pension offers £185.15 per week.
Some may get less than the full new state pension if they were contracted out before April 6, 2016.
For many years, there have been debates as to whether the state pension pays enough.
Many have come to view it as a safety net, with experts encouraging people to make their own retirement savings.
To find out opinions, an Express.co.uk poll asked Britons: “Do you believe the state pension is enough for retirement?”
A total of 3,529 readers engaged with the poll to make their feelings on the matter known.
A staggering 98 percent of those asked disagreed with the sentiment the state pension is generous enough.
These individuals would like to see the state pension provide more for them in retirement.
However, not everyone shared this opinion, the poll also showed, although the numbers were significantly lower.
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Some two percent of those asked believe the state pension is enough for retirement.
Only a handful of people suggested they were not sure about the matter.
Express.co.uk readers also took to the comments section to share their thoughts on the amount the state pension provides.
Will721 said: “UK pension terms are shocking. At some point, people will get angry about this and things will need to change.”
Hawkeye1 wrote: “Triple lock should be etched in stone and NEVER up for change whatever Government is in power.
“Pensioners need to know what their income will be.”
John Pettitt remarked: “Don’t ask us pensioners, we already know the answer! Make the pension amount the average wage.”
CastusVerax penned: “The state pension is not a charity or a benefit, it rightfully belongs to pensioners.
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“Without a private pension as a supplement it is frankly not enough to live on.”
While NorthernGeezer added: “State pension should at the very least be in line with the minimum wage.
“This is what the Government says a single person needs to live on. And even that’s not enough!”
A DWP spokesperson previously told Express.co.uk the state pension “continues to provide the foundation for retirement planning and financial security in older age”.
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