It's important to start thinking about your pension from an early age.
State Pension is a contributory payment and the amount people receive depends on how long they have been making National Insurance (NI) contributions towards it. The full new State Pension is £185.15 per week.
However, data from the Department for Work and Pensions (DWP) shows that under half of the claimants receive this amount. The 2019 study uncovered just under 500,000 of the 1.1 million people who claim the new State Pension receive the full amount - as The Daily Record reports.
