State Pension UK: Britons may be entitled to Additional State Pension – this is how | Personal Finance | Finance

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State Pension provides valuable support to retired people through a regular form of income provided by the Department for Work and Pensions (DWP). Hard-working Britons put forward years of National Insurance contributions to unlock their retirement income for later life. Many are looking for ways to increase the sum they receive to make their retirement as comfortable as possible.

It is therefore worth noting the Additional State Pension, likely to come as a relief for millions of retired people in the UK.

Only some pensioners will be eligible for this sum, so it is worth checking the details carefully. 

The Additional State Pension, formally known as the State Earnings-Related Pension Scheme (SERPS), is an extra amount Britons can get on top of a basic state pension.

It is therefore available to man born before April 6, 1951 and women born before April 6, 1953.

READ MORE: State Pension UK: Retirement plans disrupted due to COVID-19

Between 1978 and 2002, there was the State Earnings-Related Pension Scheme (SERPS), for those who were employed.

Finally, the state pension top up was available between 2015 and 2017, available to those who reached state pension age before April 6, 2016 and opted in.

Many Britons may be interested in whether they are able to claim the Additional State Pension.

However, people do not have to take any action to receive it.

If a person is eligible for an Additional State Pension, then they should receive it when they claim their standard state pension sum.

After a person receives the first Additional State Pension, they should receive correspondence from the Pension Service.

This should tell a person how much they can expect to receive. 

It is also worth noting that part of an Additional State Pension can be inherited, so Britons who have unfortunately lost a spouse should pay close attention.

People can inherit up to 50 percent of their spouse or civil partner’s State Second Pension.

In the case of SERPS and the state pension top up, the amount which can be inherited depends on when a spouse or partner died.

If a person died before October 6, 2002, up to 100 percent of the SERPS can be inherited.

But deaths after October 6, 2002 means inheritance is based on a person’s date of birth.

For further clarity on this matter, Britons are encouraged to visit the government’s website or contact the Pension Service to find out how they can claim. 





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