State Pension payments offer regular income to those who have departed the workforce in preparation for retirement. The sum is overseen by the Department for Work and Pensions (DWP), responsible for ensuring Britons receive the sum to which they are entitled. The state pension is usually based on National Insurance, with the amount an individual receives dependent on contributions throughout their lifetime.
The sum is also split into two tiers – the basic state pension and the new state pension – dependent on when a person retired.
However, it is worth being aware some Britons could be entitled to an additional sum of money for their retirement.
The Additional state pension, the Government has explained, is an extra amount of money available to people on top of their basic state pension.
This will be available to men born before April 6, 1951 and women born before April 6, 1953.
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When a person has made a contribution to the Additional state pension, it is made up of three schemes, but many may have contributed to more than one.
The first to bear in mind in SERPS, which ran from 1978 to 2002, with people having contributed if they were employed at this time.
The second scheme is known as the State Second Pension, running from 2002 to 2016.
Britons will have made a contribution if they were employed, or claiming certain benefits at the time.
Finally, from October 12, 2015 to April 5, 2017, the state pension top up scheme was in force.
Britons will have needed to opt in to this scheme and must have reached state pension age before April 6, 2016.
However, many people will also wish to be aware of a process which is known as “contracting out”.
Britons will only have been able to contract out of the Additional state pension if their employer ran a scheme which enabled them to do so.
People can check with their employer, by looking at an old payslip, or by calling their pension provider.
Members of a contracted-out workplace pension will have not contributed to the Additional state pension during this time.
There are, though, certain cases where a person could have received the Second state pension, for example, if their earnings were low.
People will not have to do anything to clam the Additional state pension from the DWP.
Those who are eligible will automatically receive the sum when they claim their state pension.
After a claim is made, the Pension Service will write to an individual to inform them of how much they are set to receive.