Could State Pension Be Means Tested?
The Means-Tested State Pension (Non-Contributory) Is a Payment for People Aged over 66 Who Do Not Qualify for a State Pension (Contributory) or Who Only...
The means-tested State Pension (Non-Contributory) is a payment for people aged over 66 who do not qualify for a State Pension (Contributory) or who only qualify for a reduced contributory pension based on their insurance record. This pension is taxable but you are unlikely to pay tax if it is your only income.
Will State Pension be means-tested?
The basic State Pension is not means-tested; it is a regular payment from the government, based on your lifetime National Insurance contributions.
Will the UK State Pension become means-tested?
The full amount of the new State Pension is set above the basic level of means-tested support (this is Pension Credit standard minimum guarantee). The full amount of the new State Pension is £179.60 a week (2021 to 2022 rate).
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