The full new state pension is £179.60 a week, but even if you worked all your life your payment may be subject to deductions – which can be alarming.
The good news is there is often a clear explanation for this, and it’s all to do with the pension terms you agreed to during your working life.
In most cases it’s linked to ‘contracting out’ of the state pension – periods when individuals were members of a company or private pension which was meant to replace part of their state pension.
