The current state pension in the UK varies depending on the specific scheme. For the new State Pension, the full amount is £203.85 per week for 2023/2024, and it is set to rise by 8.5% from April 2024, with the new maximum rate being £221
. On the other hand, the full basic State Pension is £156.20 per week
. The amount an individual receives depends on their National Insurance record, and there are various factors that can affect the final amount, such as the number of qualifying years and additional state pension eligibility
. The state pension is based on the minimum wage, and the figures are updated every six months
. It's important to note that the state pension is subject to tax, and individuals may be eligible for other benefits such as Pension Credit based on their income
