35 years of NI credits is needed to qualify for a full state pension (Image: PA Images)
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There is mounting concern that the Tories will scrap their “triple-lock” pledge, under which payments go up in line with inflation, wage rises or 2.5 percent – whichever is highest.
The full flat-rate state pension is £179.60 per week, while the full basic state pension is £137.60.
But brokers Hargreaves Lansdown highlighted figures from the Department FORWORK and Pensions showing 2.1 million pensioners get £100 or less per week.
Reasons include not accumulating enough National Insurance credits.
Helen Morrissey (Image: nc)
People need 35 years of NI credits to qualify for a full state pension.
If a person took time out of the workplace, lived abroad or did not earn enough to qualify then they might find their state pension entitlement affected.
Another reason is if they contracted out under the old state pension system.
Helen Morrissey, senior pension analyst at Hargreaves Lansdown, said: “Women are likely to get less than men.
“For many people the state pension is the backbone of their retirement planning and they could receive a nasty shock if they find they are entitled to less than they thought.”