In order to help people plan for a secure retirement and prepare their finances a decade in advance of State Pension age, the government has extended their personalised service to provide a free State Pension estimate to those aged 55 and over. Previously only available to the over-60s, the Department for Work & Pensions has reduced the age ahead of the pension reforms in April.
The service has already been used by 76,000 over 60s since its launch in September last year and will now allow a new wave of savers to access a free estimate based of their current National Insurance record. The estimate will indicate if an individual will need to pay additional National Insurance contributions in order to be entitled to full State Pension.
If you are 55 or over and would you like to know how much State Pension you will receive when you reach State Pension age, click here.