On 6th April 2016 New State Pension was introduced. This can be yours even if you are getting benefits of personal and workplace pension.
This Post Will Help You to Figure Out:
- Eligibility Criteria
- How to claim?
- How is state pension paid?
- Collect your pension
Eligibility Criteria:
The conditions to be eligible if you intend to claim the new pension are listed below.
- You are a man who was born on 6th April 1951 or any time after that.
- You are a female who was born on 6th April 1953 or after that.
The earliest possibility to get benefits from it is to reach the age of state pension. In case you reach pension age before 6th April 2016, you will be eligible to claim for the old pension scheme. On the other hand, if you reach the pension age after 6th April 2016 you can claim the basic pension.
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How To Claim?
To claim for New State Pension, it is necessary to reach the pension age. Several online calculators will help you to figure out whether you have reached the pension age yet or not.
Usually, this age criteria is different from the workplace or personal pension age.
You can always find user-friendly guides in this regard to calculate:
When will you reach the pension age?
Qualifying for state pension
Eligibility criteria for free bus travel.
Before you start, know that the forced age of 65 no longer exists. Your state pension will not reach you by any Government law, you have to make efforts to claim it. Once you are done with the process of claiming it, there must be a letter that will be sent to you within two months with all the relevant details of what exactly to do to get this pension.
In case you are in some other country, you need to seek a guide for the different methods according to that. If we talk about the ways to get a state pension. The swiftest way is to do it online. The other possible ways are by post or telephone.
There can be an exception for people who use sign language. The video relay service is for you to use British Sign Language (BSL).
If online and telephone are not suitable ways for you, you can contact the Pension Center. this might take a little longer than online or telephonic ways.
How Is State Pension Paid?
Looking into the ways of paying State pension, it is transferred to your national savings account if it accepts direct debit payments. The other possible ways could be building society, post office, or directly paying into your bank.
Owning your house, savings, and workplace pensions does not affect any of the state pension criteria. So, you don’t need to worry or hide any of this. It is expected to get several other benefits after getting a pension award.
Collect Your Pension Or Give Someone Access:
There is a possibility that you are doing really well on finances and this appears harder to collect a pension or getting to the bank is challenging for you. This issue can be sorted out by seeking someone you count on to receive the payments on your behalf.
It is suggested to nominate a trustworthy friend, relative, or helper to assist.
The normal way to get the pension paid is direct payment when your benefits or allowances are directly sent to your account. It is allowed for you to nominate someone to assist and name that helper to have permanent or temporary access to your account.
It all depends on the kind of way that suits you the most.
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Conclusion:
Let’s sum up the discussion with the hope that this few minutes read helped you to understand how to qualify the standards before you claim for state pension and what are possible ways for smooth processing in this regard.
Disclaimer: The information about New State Pension – Understand And Qualify! provided in this article including text and graphics. It does not intend to disregard any of the professional advice.
