State Pensions- PensionBuilderplus


When you reach State Pension Age, in addition to your PensionBuilderplus you will receive your State Pension.

If you reached State Pension Age before 6 April 2016 then (depending on your National Insurance record) you will get two components of state pension - the Basic State Pension and State Second Pension (S2P) under the current system

The Basic State Pension is a flat-rate pension but the S2P provides a pension which currently builds up in relation to earnings in a band between two limits.  You should be aware that if you contribute via PenXchange to save National Insurance contributions (as explained here), this may have the effect of reducing your S2P pension.  Please read the PenXchange notes available on the Plan website for more detail.

If you reach State Pension Age after 6 April 2016 then you will get the new single tier State Pension. ie you will be able to get the New State Pension if you’re eligible and:

  • a man born on or after 6 April 1951
  • a woman born on or after 6 April 1953

Your National Insurance record is used to calculate your new State Pension. You’ll usually need 10 qualifying years to get any new State Pension and you’ll need 35 qualifying years to get the new full State Pension.  If you have had periods when you were “contracted out” of the State Pension this single tier pension will be reduced accordingly.  For more information visit the government website

Or you can download the Single-Tier State Pension Factsheet Click>Here

State Pension Forcast

You can also obtain a forecast of how much State Pension you can expect to receive please visit the government website



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File Size Link
pdfSingle-Tier-State Pension Fact-sheet 2017 588.03KB Download