For the year 2006-2007 the annual payment is £7007 for a couple and £4381 for a single person. Because they are only increased in line with inflation they will not keep pace with earnings, and will, relatively speaking decline in value over the years to come.
Use this calculator to get a very rough idea as to how valuable the Basic State Pension will be in the future into your retirement.
Old Bank Chambers
20 Coten End
Warwick CV34 4NP
