The State Pension age is currently 66 and two further increases are currently set out in legislation: a gradual rise to 67 for those born on or after April 1960; and a gradual rise to 68 between 2044 and 2046 for those born on or after April 1977.
Basic State Pension
You get the basic State Pension if you’re a man born before April 6, 1951, or a woman born before April 6, 1953. Currently the full basic State Pension is £137.60 per week. That’s £555.40 a month, or £7,155.20 a year. For the year 2022/23, the full basic State Pension will rise to £141.85, that is £567.40 a month, £7376.20 a year.
New State Pension
You will get the new State Pension instead if you are a man born on or after April 6, 1951, or a woman born on or after April 6, 1953. At present, the full new State Pension is £179.60 per week. That’s £718.40 a month based on four weekly payments, or £9,339.20 a year based on 52 weekly payments. For the year 2022/23, the full basic State Pension will rise to £185.15, that is £740.60 a month, £9627.80 a year.