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Transitional rules explained: From the old Basic State Pension to the New State Pension


The new state pension replaced the basic and additional state pension for those who reach State Pension Age on or after 6 April 2016. I’m going to explain how your entitlement to the new state pension is calculated and what happens if you’re in the fortunate position where your state pension benefits are projected to exceed the amount of the new state pension. I will also explain how you can ensure you receive the full new state pension, if you’re currently projected to fall short. Other videos you might like: Check your eligibility to top up NI contributions back to 2006: How the new state pension differs from the basic & additional state pension: add link Getting your State Pension Forecast and National Insurance Record (2021): How to interpret your State Pension forecast: How to reduce a potential shortfall in your State Pension entitlement: Should You Top Up Your NI Contributions For A Better State Pension?: Can you inherit a spouse's state pension if they die? Thanks for checking out my YouTube channel - I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money. If you enjoy this video, please press the like button to help more people like you find my channel. If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you. As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence. To explore whether I could help you, get in touch at Get my weekly newsletter: Check out my podcast: Connect with me: On Twitter: On LinkedIn: This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!...(read more)


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