Check your State Pension forecast
05 July 2021
Research carried out by Just Group plc has shown that nearly four in ten people failed to check their State Pension forecast prior to retirement.
14% of those who did check found that the forecast amount was not as much as they had been expecting, and half of them confirmed that this was approximately £500 less per year than they thought it would be.
It is easy to check your State Pension forecast, and it can be done online here.
The service can be used to establish:
- How much State Pension a person could get
- When they will be able to get the State Pension
- How they can increase it, where applicable
Individuals who are already receiving their State Pension, or who have deferred claiming it will not be able to use the service.
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information. Download the CIPP's Payroll: Need to know - your guide to payroll legislation and reporting for the most up to date data.