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HomeSourcesexpress.co.ukReaders argue state pension is not enough for retirement

Readers argue state pension is not enough for retirement

What people will get from the state pension is likely to vary depending on their National Insurance contributions. However, the full basic state pension currently pays £141.85 per week, while the full new state pension offers £185.15 per week.Some may get less than the full new state pension if they were contracted out before April 6, 2016.For many years, there have been debates as to whether the state pension pays enough.Many have come to view it as a safety net, with experts encouraging people to make their own retirement savings.To find out opinions, an Express.co.uk poll asked Britons: ‘Do you believe the state pension is enough for retirement?’READ MORE: Mortgage holders who are ‘worried about rates’ urged to check charges State pension: Readers argue sum is not enough for retirement (Image: Getty)A total of 3,529 readers engaged with the poll to make their feelings on the matter known.A staggering 98 percent of those asked disagreed with the sentiment the state pension is generous enough.These individuals would like to see the state pension provide more for them in retirement.However, not everyone shared this opinion, the poll also showed, although the numbers were significantly lower.DON’T MISSState pension payment date changes will take place next month [INSIGHT]Hunt’s income threshold freeze may see average earner £2,000 poorer [ANALYSIS]WASPI woman ‘only able to heat one room’ in home [LATEST] State Pension UK: What is State Pension? (Image: EXPRESS)What is happening where you live? Find out by adding your postcode or visit InYourArea ‘Without a private pension as a supplement it is frankly not enough to live on.’While NorthernGeezer added: ‘State pension should at the very least be in line with the minimum wage.’This is what the Government says a single person needs to live on. And even that’s not enough!’A DWP spokesperson previously told Express.co.uk the state pension ‘continues to provide the foundation for retirement planning and financial security in older age’.

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