Most people believe they will need 60-80% of their salary per year to live off in retirement. The State Pension is unlikely to cover this. To find out how much State Pension you might receive, and what your State Pension Age is likely to be, click here.
The most you can get from the basic State Pension is £203.85 per week (2023/2024).
There are four ways to claim your State Pension:
You can get more information here about the State Pension, to see what you are entitled to. You don’t have to claim your State Pension at the same time as you take your individual account – it is totally separate from your individual account from the Sky Pension Plan.