What is the State Pension?
- • The spouse who qualifies for a full pension will receive the full £122.30 in their own right.
- • If the other spouse qualifies for a pension in their own right of 60 per cent of the basic state pension or more, they will receive their own entitlement with no additional payments.
- • If the other spouse has an entitlement below 60 per cent of the state pension, their own entitlement will be topped up to 60 per cent (£73.30) based on their spouse’s NIC record. This gives a married couple in that situation a total pension of £195.60, sometimes called the married couple’s pension. The additional £73.30 is a maximum top-up rather than an additional flat-rate payment, and the couple will receive the greater of their individual entitlements based on their NIC records or £195.60.
- • The basic state pension is guaranteed to increase every April by the greater of average earnings, inflation (the Consumer Prices Index – CPI) or 2.5 per cent. This combination of measures is referred to as the ‘triple lock’ (GOV.UK, 2014).