Is state pension means tested?

[werkywork]

As the title says.
Does everyone get state pension and if not what is the cut off point?

It is not means tested at present. You do have to have made sufficient years of NI contributions to get the full thing.

Not means tested at all. You do have to have made sufficient contributions so that may affect how much someone gets.

All the info about state pensions is available on government website: www.gov.uk/state-pension

Some people do not qualify because they did not contribute, but there is no means testing. There is means testing for Pension Credit - which is a top up.

Its not means tested but depends on national insurance contributions, so not everyone qualifies. If your worried about if you (or someone else) will qualify you can check your NI record online. You need 35 years of contributions, either from working during those years or it being credited if you were on certain benefits.

I was more thinking that if I have my own pension that I've paid into, will I get that plus the state pension or will the one I've paid into replace the state pension.

Just trying to value the total potential annual income or if I need to increase my own pension.

If you’ve paid enough NI you’ll get the full state pension as well as your workplace pension

You get your state pension when you reach the qualifying age. The maximum amount is £185.15 a week. What you receive depends on your contributions. You might also have an occupational pension and/or a private pension.

If you go here it will tell you how much your are likely to receive and if there is any shortfall in payments (which you may be able to make up)

You will need to create a 'Government Gateway' sign on ID, if you don't already have one but you can do it from there. You will also need your National Insurance number - I think.

www.gov.uk/check-state-pension

was more thinking that if I have my own pension that I've paid into, will I get that plus the state pension or will the one I've paid into replace the state pension.

You'll get both, and will be taxed on any income over your personal allowance, but you won't pay any NI.

It will also depend on whether you’ve contracted out of state pension at any time. I don’t know whether this is still a thing, but I contracted out of state pension some 30 years ago, but opted back in when I left that employment. So those years no contribution to state pension was made and is on my record, fortunately I have worked enough years to get full state pension. Everyone should check their state pension record.

Well you will pay tax on everything over ‘£12,000 or thereabouts.

No not yet

Pension industry has been talking about it being means tested or not existing for about a decade, if not longer.

next labour will probably make it so.

especially when they put a narrative on it about people who have £50k pension and so don’t need it - despite being some of the biggest contributors to it.

Im in early 50’s, i don’t expect it to be there for me at 67/68.

Early 40s here so even less likely for me

do you mean £50k annual income or £50k in a pension pot? I will almost certainly have a pot worth £50k by retirement but I don't expect anything like £50k annual income from it

There is Pension Credit to top up low income/savings but basic State Pension is universal where ni criteria is met.

Don’t worry - per annum.

50k pension pot is unlikely to incur any means teatsing when it comes in.

50k pa - so a pot around £1.25million. In old Defined benefit schemes talk, 2/3rds of final annual salary of £75k.

@Bard6817 I'm early 50s and fully expect the state pension to exist when I retire, but the age to claim will have gone up to 68 or even 69.