Calculating State Graduate Pension

Any State Graduated Pension, see State Graduated Pension, you are entitled to on retirement will depend on how many units you accumulated during the scheme, which ran between April 1961 and April 1975, and how much these units are valued at when you retire. Currently there is a maximum amount of Graduated Pension you can receive each year. This is set at £328 a year for a woman and £392 a year for a man.

If you are uncertain as to which additional benefits you will be entitled to when you begin drawing your pension, consult your pension forecast from the Pension Service: see Calculating Retirement Income.