After years of paying national insurance contributions, it's good to know the UK State Pension will be there for you when you retire.
But what is it the State Pension, when will you get it, and how do you claim?
The UK State Pension age is the age at which you become eligible to claim your pension. This age may be different to the age at which you can begin claiming a workplace or personal pension, commonly 55 for personal pensions.
Use the GOV.uk tool to find out your State Pension age.
You can continue to work after you reach the State Pension age, unless the job you do required certain physical abilities, or the retirement age is set by law, for those in the Police for example.
You can claim the State Pension whilst working if you wish to work past the State Pension age, or you could choose to defer your State Pension and receive a higher income from it later.
You could receive more than the maximum flat rate if you choose to delay taking your payments once you reach the state pension age.
The payments you receive will increase by 1% for every 9 weeks you delay taking them. Below is an example of how this affects your payments over the course of one year.
You may receive less than the maximum State Pension if;
The Pension Service should automatically send you a claims form four months before you reach your State Pension Age.
If you don't get the forms you can call the Pension Service on 0800 731 7898.
If you reached the state pension age before April 2016 the most you can currently receive is £122.30 per week.
If you receive a higher State Pension under the previous State Pension scheme, you'll still be entitled to the higher amount.
Visit the Gov.uk website to find out more about the old basic state pension rules