• Basic pension system
• When can I retire?
• State pension
• Company pension
• Private pension
• Self invested personal pension
• Planning a retirement
• State second pension
• Pension in case of divorce
• Stakeholder pension

Among many other private pension possibilities, the main provider of pensions in the United Kingdom is the state. Opposed to private schemes, the aim of the state pension is not to provide an amount of payments for a high standard of living, but to prevent poverty among aging and offer a way to have all the necessities for the old.

A Basic State Pension (BSP) has a limit age of 65 for men and 60 for women to retire and be entitled for a state pension. We must note that this difference will be offset according to the current provisions by 2020. The state pension is contribution plan offering a fixed amount of money, which is determined from the number of years worked and contributions made by the retiring. The current rate of Basic State Pension for retiring is £87,30 weekly for individuals and £139,60 for married couples, which could vary depending on the working years. This amount is a subject to change, and usually increases annually, because of the inflation and some other economic effects. Furthermore State pension provides an additional payment for inviduals with an age above 80 years.

Besides the basic pension, a number of additional pension benefits are available as a state pension as well.